Friday, December 22, 2006

State Street Raises Dividend...But

Yesterday, State Street (STT) announced a YOY increased in its quarterly dividend of 10.5%. Details of the increase are noted below.

The 10.5% increase is lower than the company's historical increases. The company's rate of dividend growth has steadily declined from 19% in 2001 to the current 10%. Keep in mind though, STT is a company that increases its dividend every third quarter. This slowing of the dividend growth rate indicates an investor should research to see if the company's board is signaling a slow down in STT's earnings growth.

Year over Year Percentage Change

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