Morgan Stanley Declares Dividends on Its Preferred Stock

Rhea-AI Summary

Morgan Stanley (NYSE: MS) announced regular dividends on multiple preferred stock issues. The dividends per share are as follows:

Series A: $397.50, Series C: $25.00, Series E: $450.26, Series F: $434.46, Series I: $398.44, Series K: $365.63, Series L: $304.69, Series N: $2,284.95, Series O: $265.63, Series P: $406.25. The dividends for Series N are payable on June 17, 2024, to shareholders of record on May 31, 2024. Dividends for Series A, C, E, F, I, K, L, O, and P are payable on July 15, 2024, to shareholders of record on June 28, 2024.

Morgan Stanley is a global financial services firm with operations in 42 countries, offering investment banking, securities, wealth management, and investment management services.

Positive

• Regular dividends declared on multiple preferred stock issues indicating steady performance.
• Detailed dividend amounts for each preferred stock series provided.
• Dividends payable dates specified which may attract investor interest.

Negative

• None of the dividends declared are cumulative, meaning they don't accumulate if not paid.
• High dividend amounts in certain series may imply significant cash outflow.

NEW YORK--(BUSINESS WIRE)-- Morgan Stanley today declared a regular dividend on the outstanding shares of each of the following preferred stock issues:

• Floating Rate Non-Cumulative Preferred Stock, Series A - $397.50 per share (equivalent to $0.397504 per Depositary Share)

• 10 Percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C - $25.00 per share

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E - $450.26 per share (equivalent to $0.450260 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F - $434.46 per share (equivalent to $0.434462 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I - $398.44 per share (equivalent to $0.398438 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K - $365.63 per share (equivalent to $0.365625 per Depositary Share)

• 4.875 Percent Non-Cumulative Preferred Stock, Series L - $304.69 per share (equivalent to $0.304688 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N - $2,284.95 per share (equivalent to $22.849520 per Depositary Share)

• 4.250 Percent Non-Cumulative Preferred Stock, Series O - $265.63 per share (equivalent to $0.265625 per Depositary Share)

• 6.500 Percent Non-Cumulative Preferred Stock, Series P - $406.25 per share (equivalent to $0.406250 per Depositary Share)

The dividends for the Preferred Stock Series N are payable on June 17, 2024 to stockholders of record at the close of business on May 31, 2024.

The dividends for the Preferred Stock Series A, C, E, F, I, K, L, O and P are payable on July 15, 2024 to stockholders of record at the close of business on June 28, 2024.

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515660296/en/

Media Relations: Wesley McDade, 212.761.2430

Investor Relations: Leslie Bazos, 212.761.5352

Source: Morgan Stanley

FAQ

What dividends did Morgan Stanley declare on its preferred stock?

Morgan Stanley declared dividends on several preferred stock series, with amounts ranging from $25.00 to $2,284.95 per share.

When are Morgan Stanley's Series N dividends payable?

The dividends for Series N are payable on June 17, 2024, to stockholders of record on May 31, 2024.

When are the dividends for Morgan Stanley's Series A, C, E, F, I, K, L, O, and P payable?

The dividends for these series are payable on July 15, 2024, to stockholders of record on June 28, 2024.

What is the dividend amount for Morgan Stanley's Series E preferred stock?

The dividend amount for Series E preferred stock is $450.26 per share.

What is the stock symbol for Morgan Stanley?

The stock symbol for Morgan Stanley is MS.