State Street Plans 10% Dividend Boost After Passing Fed Stress Test

Dow Jones04:57
 
 

State Street plans to boost its quarterly dividend by 10%, to 92 cents a share, up from 84 cents a share, after passing the Federal Reserve's annual stress test.

The new payout, equal to $3.68 a year, would represent a 2.2% annual yield based on the company's Wednesday closing price of $168.87. The dividend boost remains subject to approval by the board.

The boost comes after State Street and other financial services firms passed the Federal Reserve's annual test of whether they could weather severe economic shocks.

"The strength and resilience of our business allow us to support clients through varying market conditions while delivering for shareholders," Chief Executive Officer Ron O'Hanley said. "As a result, we intend to increase our quarterly common stock dividend by 10%."

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

June 24, 2026 16:57 ET (20:57 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment