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On Tuesday, shares of State Street Corp. (Symbol: STT) were yielding above 3% due to a quarterly dividend annualized to $3.36, with prices dropping as low as $111.63. State Street is an S&P 500 company, underscoring its significance among large-cap stocks.
Dividends are critical, historically providing a major part of stock market returns. For instance, an investment in the S&P 500 ETF (SPY) made on December 31, 1999, would have shown a nominal decline in share price by December 31, 2012, but resulted in a total return of 23.36% when factoring in $25.98 collected in dividends over that period.
While dividend amounts can fluctuate based on company profitability, the recent yield offers potential investment appeal if it proves sustainable.
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