State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C Goes Ex-Dividend Soon

On 11/26/14, State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: STT.PRC) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 12/15/14. As a percentage of STT.PRC's recent share price of $24.25, this dividend works out to approximately 1.35%, so look for shares of STT.PRC to trade 1.35% lower — all else being equal — when STT.PRC shares open for trading on 11/26/14. On an annualized basis, the current yield is approximately 5.41%, which compar...