State Street Corp 5.90% Fixed to Floating Noncumulative Preferred Stock
By: Tim McPartland,
S&P Rating BBB+ Moodys Rating Baa1
Security Ticker Symbol STT-D OTC Temp Ticker STTLL
Market Traded ON NYSE
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Dividend Payment Paid on the 15th of March, June, September and December beginning on 6/15/2014
Quarterly Dividend .369 Annual Dividend 1.475
5.90% is paid until 3/15/2024 after which point the rate is floating at 3 month libor plus 3.108%
Securities may be redeemed, at the issuers option, as early as 03/15/2024 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
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Maturity Date None
Company Investor Relations Page for State Street Corp
Below you can find the offering Prospectus and Final Pricing Document
