State Street Corporation (NYSE: STT) announced its intention to raise its quarterly common stock dividend by 10% to $0.92 per share in the third quarter of 2026, pending approval by its Board of Directors.

The Boston-based financial services company also disclosed the results of the Federal Reserve's 2026 Supervisory Stress Test. The Federal Reserve has said it will maintain existing Stress Capital Buffer (SCB) requirements through the third quarter of 2027, meaning the 2026 stress test results will not alter State Street's SCB. The buffer remains at the 2.5% floor through September 30, 2027, leaving the company's common equity tier 1 (CET1) capital ratio requirement unchanged at 8%.

State Street's Board of Directors will review the dividend at a regularly scheduled meeting in the third quarter of 2026. The declaration, timing, and amount remain subject to board approval.

The company also confirmed it remains authorized to repurchase common shares under its existing share repurchase program. Purchases may be conducted through open-market transactions, accelerated share repurchases, or other off-market transactions, including under Rule 10b5-1 trading programs. The program has no specific price targets and may be suspended at any time.

Chairman and Chief Executive Officer Ron O'Hanley said: "The strength and resilience of our business allow us to support clients through varying market conditions while delivering for shareholders. As a result, we intend to increase our quarterly common stock dividend by 10%."

As of March 31, 2026, State Street reported $54.5 trillion in assets under custody and/or administration and $5.6 trillion in assets under management. The company employs approximately 51,000 people across more than 100 geographic markets.