State Street Corporation announced a quarterly cash dividend of $0.26 per share of common stock, payable on July 16, 2013 to common stockholders of record as of July 1, 2013. The company declared a quarterly cash dividend on its non-cumulative perpetual preferred stock, Series C (represented by depositary shares, each representing a 1/4000th interest in a share of Series C preferred stock). The cash dividend is in the amount of $1,312.50 per share of Series C preferred stock (resulting in a distribution of $0.3281 per depositary share) and is payable on June 17, 2013 to the holders of record of the Series C preferred stock at the close of business on May 31, 2013.

State Street Corporation announced enhancements to its financial reporting and collateral services which will help clients comply with regulations, manage risk and automate their disclosure requirements. State Street's new ProNavigator solution enables asset managers to automate their registration forms (including the prospectus and statement of additional information) in multiple formats. The new solution enables auto-composition and helps to streamline disclosures that are required across multiple fund registrations. It provides clients with one source document that reduces the risk of regulatory reporting errors, lowers typesetting and EDGAR conversion costs and streamlines production review and sign-off. To help manage counterparty risk, the U.S Dodd-Frank legislation enables collateral to be held by independent third-parties such as State Street. In response, State Street has expanded its tri-party collateral custody capabilities to all clients and broker dealers to help mitigate risk and maintain control of pledged assets. The new solution, Collateral Custody Service, provides a segregated account structure and can be offered as an independent, stand-alone service or as a component of broader solutions.

Markus Steiner has been appointed head of State Street Corporation's business in Switzerland and will assume his role on 1 July. Following a transition period, current managing director René Charrière will assume a senior relationship management role for select Swiss-based accounts. Steiner joins from UBS Fund Management Switzerland, which he headed for more than 13 years.