State Street Corporation (NYSE:STT) Updates On Dividend Release Date


On 2016-05-20, State Street Corporation (NYSE:STT) confirmed the dividend disbursement of $0.34 a share to shareholders as on record 2016-07-01. The firm will release dividend on 2016-07-18 while ex-dividend date is reported to be 2016-06-29.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, State Street Corporation (NYSE:STT) paid a total of $0.34 per share in dividends. This figure stood at $0.34 a share in the same period a year ago indicating a deviation of 13.7931%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $67.3 on the stock. This figure is the average of recommendations offered by 10 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $76 and $58, respectively.

Taking the mathematical rating formula, the price for State Street Corporation (NYSE:STT) stands at 2.44. Earnings Review State Street Corporation (NYSE:STT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-28. For the period ending on 2016-09-30, experts are expecting EPS of $1.23.

Coming to the quarter ending on 2015-12-31, State Street Corporation (NYSE:STT) recorded EPS of $1.46. The reported numbers came lower than the analysts’ estimates of $1.26, demonstrating a miss of $0.2 as against reported figures.

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