State Street Corporation Increases Dividend to $0.18; Announces Authorization to Purchase up to $675M of Common Stock

State Street Corporation STT today announced a quarterly dividend of $0.18 per share of common stock, payable April 15, 2011, to stockholders of record as of April 1, 2011. Today's announced common stock dividend represents an increase of $0.17 per share from the $0.01 per share dividend paid on January 18, 2011.

State Street also announced that its Board of Directors has approved a new common stock purchase program authorizing the purchase of up to $675 million of common stock in 2011. This new program supersedes the Board's prior common stock purchase authorization under which it has not engaged in purchases since January 2008. State Street may commence stock purchases under this new authorization at any time.