high dividend paying stock (STT, rated BUY)
Posted on October 17, 2008 at 11:01 AM EDT
State StreetCp, (STT) State Street Corporation, through its subsidiaries, provides a range of products and services for institutional investors worldwide. It operates in two divisions, Investment Servicing and Investment Management. The Investment Servicing division provides various services for mutual funds and collective investment funds, corporate and public retirement plans, insurance companies, foundations, endowments, and other investment pools. Its products include custody, product-and-participant-level accounting, daily pricing, and administration; master trust and master custody; recordkeeping; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and hedge fund manager operations outsourcing; and performance, risk, and compliance analytics to support institutional investors. Investment Management division offers a range of services for managing financial assets, including investment management and investment research services primarily for institutional investors. STT has a Dividend Yield of 2.13% and an divident growth rate of %13.
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