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State Street’s Dividend to Rise in 2017

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Dividends in 2017

State Street (STT) is expected to declare a dividend of $1.62 per share in 2017, which is 15.7% more than its 2016 dividend. From September 2016 to May 2017, the company has been consistently declaring quarterly dividends of $0.38 per share. Its recent distribution in July 2017 was $0.42 per share, which will be paid in October 2017.

In comparison, BlackRock (BLK) is expected to declare a dividend of $10.02 per share in 2017, which reflects a rise of 9.4% from 2016. In May 2017, BlackRock declared a quarterly dividend of $2.50 per share. Its latest distribution in July 2017 was $2.50 per share to be paid in September 2017.

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Forward annual dividend yield

State Street (STT) currently has a forward annual dividend yield of 1.8%. Below are the annual dividend yields of other asset managers (XLF):

  • BlackRock (BLK): 2.4%
  • Bank of New York Mellon (BK): 1.8%
  • JPMorgan Chase (JPM): 2.2%
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