State Street's Preferred Stock, Series D Shares Cross 5.5% Yield Mark


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In trading on Thursday, shares of State Street Corp.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: STT.PRD) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4748), with shares changing hands as low as $26.71 on the day. This compares to an average yield of 5.64% in the “Financial” preferred stock category, according to Preferred Stock Channel . As of last close, STT.PRD was trading at a 7.52% premium to its liquidation preference amount, versus the average premium of 4.96% in the “Financial” category.

The chart below shows the one year performance of STT.PRD shares, versus STT: Performance Comparison Chart

Below is a dividend history chart for STT.PRD, showing historical dividend payments on State Street Corp.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D: STT.PRD+Dividend+History+Chart In Thursday trading, State Street Corp.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: STT.PRD) is currently down about 0.4% on the day, while the common shares (Symbol: STT) are off about 1.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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