State Street (STT) Declares $0.38 Quarterly Dividend; 2.2% Yield

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Go back to State Street (STT) Declares $0.38 Quarterly Dividend; 2.2% Yield

State Street Global Advisors (STT) Announces Distribution Breakdown Associated with Financial Select Sector SPDR (XLF) Modification

September 19, 2016 10:07 AM EDT

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), announced the expected distribution breakdown of the special dividend associated with the upcoming modifications to the index constituents of the Financial Select Sector Index (Financial Sector Index), and the Financial Select Sector SPDR Fund (XLF).

As announced in June, in order to facilitate an efficient transition to the reconstituted Financial Sector Index, XLF has sought to obtain its real estate exposure in shares of The Real Estate Select Sector SPDR Fund (XLRE) in advance of the Financial... More