PreferredStockChannel
State Street Corp. | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (STT.PRG)

Prospectus excerpt:  State Street Corporation is offering depositary shares, each representing a 1/4,000th ownership interest in a share of our Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G, without par value per share, with a liquidation preference of $100,000 per share (equivalent to $25 per depositary share) (the ˘Series G Preferred Stock÷). As a holder of depositary shares, you will be entitled to all proportional rights, preferences and other provisions of the Series G Preferred Stock (including those related to dividends, voting, redemption and liquidation). You must exercise such rights through the depositary.

Full Prospectus PDF », STT Page »

Series:G
Alternate symbology:STT-G, STT-PG, STTprG
Redeemable?:Yes
Call Date:3/15/2026
Perpetual?:Yes
Cumulative?:No
Shares Offered:20,000,000
Liquidation Preference:$25
Recent Market Price:$27.69
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.69 (10.76%)
Annualized Dividend:1.3372
Recent Ex-Date:11/29/2021
Current Yield:4.83%
Original Coupon:5.350%, and from, and including, March 15, 2026, dividends will be calculated at an annual rate equal to three-month LIBOR plus 3.709%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn STT.PRG's Rating
State Street is a financial holding company. Through its subsidiaries, Co. provides a range of financial products and services to institutional investors. Co.'s Investment Servicing line of business performs custody and related functions, such as providing institutional investors with clearing, settlement and payment services. Co.'s Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients. In addition, Co. provides a range of services and solutions, including environmental, social and governance investing, defined benefit and defined contribution and Global Fiduciary Solutions.

Preferreds: STT.PRC, STT.PRD, STT.PRE, STT.PRG


Open the STT Information Page »
Name: 
State Street Corp.
Website: 
www.statestreet.com
Sector: 
Banking & Savings
Number of ETFs Holding STT: 
107 (see which ones)
Total Market Value Held by ETFs: 
$4,007,665,773.02
Total Market Capitalization: 
$34,073,000,000
% of Market Cap. Held by ETFs: 
11.76%

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