Friday, December 14, 2007

State Street Increases Dividend 10.8%

Today, State Street Corp. (STT) announced a 10.8% increase in its quarterly dividend. The new quarterly dividend is 23 cents per share versus 21 cents per share in the same quarter last year. State Street has a history of increasing its dividend every third quarter. The last increase was in the third quarter of this year. The new payout ratio is estimated at 19% based on 2008 estimated earnings of $4.76. The company's 5-year historical average payout ratio is approximately 24%.

(click on table/chart for larger image)

state street corp dividend analysis table December 14, 2007
State Street Corp stock chart December 14, 2007

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