Thursday, June 21, 2007

State Street Corporation Increases Dividend 10%

Today, State Street (STT) announced a 10% increase in its quarterly dividend to 22 cents per share versus 20 cents per share in the same quarter last year. STT is a dividend growth stock that historically increases its dividend every third quarter. The payout ratio on estimated earnings in of $3.85 in 2007 is 23%. This is down from a payout ratio of 28% in 2006.

State Street Corp. Dividend table. June 21, 2007
State Street Stock Chart. June 21, 2007

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