Morgan Stanley Declares Dividends on Its Preferred Stock

Rhea-AI Summary

Morgan Stanley has declared dividends for several preferred stock issues, aimed at providing income to shareholders. Key dividends include:

• $250.00 for Series A (payable on April 15, 2021).
• $25.00 for Series C (payable on April 15, 2021).
• $445.31 for Series E (payable on April 15, 2021).
• $2,650.00 for Series N (payable on March 15, 2021).

Record dates for these dividends are set for March 1 and March 31, 2021. The firm continues to support its preferred shareholders through these distributions.

Positive

• $250.00 dividend for Series A indicates strong commitment to preferred shareholders.
• Scheduled dividend payments enhance investor confidence.

Negative

• None.

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 - $250.00 per share (equivalent to $0.25000 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 - $445.31 per share (equivalent to $0.44531 per Depositary Share)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F - $429.69 per share (equivalent to $0.42969 per Depositary Share)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H - $240.70 per share (equivalent to $9.62813 per Depositary Share)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I - $398.44 per share (equivalent to $0.39844 per Depositary Share)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J - $253.20 per share (equivalent to $10.12813 per Depositary Share)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K - $365.63 per share (equivalent to $0.36563 per Depositary Share)
• 4.875 Percent Non-Cumulative Preferred Stock, Series L - $304.69 per share (equivalent to $0.30469 per Depositary Share)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M - $29.37500 per share
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N - $2,650.00 per share (equivalent to $26.50000 per Depositary Share)

The dividends for the Preferred Stock Series M and N are payable on March 15, 2021 to stockholders of record at the close of business on March 1, 2021.

The dividends for the Preferred Stock Series A, C, E, F, H, I, J, K and L are payable on April 15, 2021 to stockholders of record at the close of business on March 31, 2021.

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 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/20210216006128/en/

FAQ

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

The dividend for Series A preferred stock is $250.00 per share.

When will Morgan Stanley pay dividends for Series N preferred stock?

Dividends for Series N preferred stock will be payable on March 15, 2021.

What are the record dates for the upcoming dividends declared by Morgan Stanley?

The record dates are March 1, 2021, for Series M and N, and March 31, 2021, for Series A, C, E, F, H, I, J, K, and L.

How often does Morgan Stanley pay dividends on preferred stock?

Morgan Stanley typically pays dividends on its preferred stock issues on a regular basis.

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

The dividend for Series C preferred stock is $25.00 per share.