In conjunction with the other large banks, State Street STT has raised its quarterly dividend to 18 cents, up from 1 cent per share.
It will also be buying back $675 million in stock.
Shares are up $1.18 to $44.58, or 2.7% on this news.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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