State Street Boosts Dividend By 10% From $0.63 To $0.69 Per Share
Portfolio Pulse from Benzinga Newsdesk
State Street Corporation has announced a 10% increase in its dividend from $0.63 to $0.69 per share, payable on October 12, 2023, to common shareholders of record at the close of business on October 2, 2023.
July 20, 2023 | 9:33 pm
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State Street Corporation's dividend increase may attract income-focused investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's financial health and can attract income-focused investors. This could lead to increased demand for the stock, potentially driving up the price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100