State Street's most recent quarterly dividend was on Sep 30, 2022 (ex-date) with a cash dividend payment of $0.63 per share. On an annualized basis, the company has a current payout of $2.34 per share. This brings the dividend yield to 2.91% based on its recent close price. The latest dividend has increased by $0.06, or 11% from the previous payment.
STT has a dividend yield of 2.91% which is higher than the Financial Services sector average but lower than the industry and its peers average. In comparison with the Financial Services sector average of 2.73%, State Street's dividend yield is 7% higher. The current dividend yield is higher than the historical average of 2.8% of the last 5 years.
State Street has been paying dividends since 1994. STT has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 10% for the last year. And since the stock price has gone down by 15% from a year ago, the dividend yield has increased by 30%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 30, 2022 | Oct 13, 2022 | Jul 21, 2022 | $0.63 | normal |
| Jun 30, 2022 | Jul 11, 2022 | May 18, 2022 | $0.57 | normal |
| Mar 31, 2022 | Apr 11, 2022 | Feb 17, 2022 | $0.57 | normal |
| Dec 31, 2021 | Jan 13, 2022 | Dec 16, 2021 | $0.57 | normal |
| Sep 30, 2021 | Oct 12, 2021 | Jul 15, 2021 | $0.57 | normal |
| Jun 30, 2021 | Jul 12, 2021 | May 19, 2021 | $0.52 | normal |
| Mar 31, 2021 | Apr 12, 2021 | Feb 18, 2021 | $0.52 | normal |
| Dec 31, 2020 | Jan 19, 2021 | Dec 17, 2020 | $0.52 | normal |
| Sep 30, 2020 | Oct 15, 2020 | Sep 17, 2020 | $0.52 | normal |
| Jun 30, 2020 | Jul 16, 2020 | May 20, 2020 | $0.52 | normal |
| Mar 31, 2020 | Apr 15, 2020 | Feb 20, 2020 | $0.52 | normal |
| Dec 31, 2019 | Jan 16, 2020 | Dec 19, 2019 | $0.52 | normal |
| Sep 30, 2019 | Oct 15, 2019 | Sep 19, 2019 | $0.52 | normal |
| Jun 28, 2019 | Jul 16, 2019 | May 15, 2019 | $0.47 | normal |
| Mar 29, 2019 | Apr 15, 2019 | Feb 21, 2019 | $0.47 | normal |
| Dec 31, 2018 | Jan 16, 2019 | Dec 13, 2018 | $0.47 | normal |
| Sep 28, 2018 | Oct 15, 2018 | Jul 19, 2018 | $0.47 | normal |
| Jun 29, 2018 | Jul 17, 2018 | May 16, 2018 | $0.42 | normal |
| Mar 29, 2018 | Apr 16, 2018 | Feb 15, 2018 | $0.42 | normal |
| Dec 29, 2017 | Jan 17, 2018 | Dec 14, 2017 | $0.42 | normal |
| Sep 29, 2017 | Oct 16, 2017 | Jul 20, 2017 | $0.42 | normal |
| Jun 29, 2017 | Jul 18, 2017 | May 17, 2017 | $0.38 | normal |
| Mar 30, 2017 | Apr 18, 2017 | Feb 16, 2017 | $0.38 | normal |
| Dec 29, 2016 | Jan 18, 2017 | Dec 15, 2016 | $0.38 | normal |
| Sep 29, 2016 | Oct 17, 2016 | Sep 15, 2016 | $0.38 | normal |
| Jun 29, 2016 | Jul 18, 2016 | May 19, 2016 | $0.34 | normal |
| Mar 30, 2016 | Apr 15, 2016 | Feb 18, 2016 | $0.34 | normal |
| Dec 30, 2015 | Jan 19, 2016 | Dec 17, 2015 | $0.34 | normal |
| Sep 29, 2015 | Oct 15, 2015 | Aug 28, 2015 | $0.34 | normal |
STT has a payout ratio of 32.7% which is higher than the Financial Services sector average but lower than the industry and its peers average. If we compare it with the Financial Services sector average of 30.7%, State Street's payout ratio is 7% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| C Citigroup Inc | 4.56% | $2.04 | 27.6% |
| JPM Jpmorgan Chase & Co | 3.01% | $4 | 33.7% |
| STT State Street Corp | 3% | $2.34 | 32.7% |
| BAC Bank Of America Corp | 2.65% | $0.86 | 27% |
Yes, State Street has paid four dividends in the last 12 months. STT has been paying dividends since 1994.
STT hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in December 2022.
State Street's last regular dividend was on Sep 30, 2022 (ex-date) with the amount of $0.63 per share.
On an annual basis STT pays $2.34 per share.
State Street's current dividend yield is 2.91%.
State Street pays four dividends per year.
State Street's dividend payout ratio is 32.7%.
State Street's dividend yield is higher than the Financial Services sector average.