State Street is seeking to repurchase of about $675 million of its common stock in 2011. The board of directors of the asset manager has approved the new common stock purchase program. The new program succeeds the board’s former common stock purchase authorization. Separately, State Street has also announced a quarterly dividend of $0.18 per share of common stock, payable April 15, 2011, to stockholders.

Click here for the release from State Street.