Morgan Stanley Declares Dividends on Its Preferred Stock

Rhea-AI Summary

Morgan Stanley (NYSE: MS) has declared regular dividends on multiple series of preferred stock. The dividends range from $265.63 to $2,115.31 per share, with corresponding Depositary Share equivalents. For Preferred Stock Series N, dividends are payable on December 16, 2024, to stockholders of record as of November 29, 2024. For all other series (A, C, E, F, I, K, L, O, P, and Q), payments will be made on January 15, 2025, to stockholders of record as of December 31, 2024.

Positive

• Regular dividend payments demonstrate financial stability
• Maintaining diverse preferred stock series indicates strong capital structure
• Consistent dividend schedule shows commitment to shareholder returns

Negative

• None.

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 - $358.35 per share (equivalent to $0.358347 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 - $455.21 per share (equivalent to $0.455208 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F - $439.24 per share (equivalent to $0.439236 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I - $407.29 per share (equivalent to $0.407292 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 - $2,115.31 per share (equivalent to $21.153076 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)

• 6.625 Percent Non-Cumulative Preferred Stock, Series Q - $414.06 per share (equivalent to $0.414063 per Depositary Share)

The dividends for the Preferred Stock Series N are payable on December 16, 2024 to stockholders of record at the close of business on November 29, 2024.

The dividends for the Preferred Stock Series A, C, E, F, I, K, L, O, P and Q are payable on January 15, 2025 to stockholders of record at the close of business on December 31, 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/20241115964794/en/

Media Relations: Wesley McDade, 212.761.2430

Investor Relations: Leslie Bazos, 212.761.5352

Source: Morgan Stanley

FAQ

When will Morgan Stanley (MS) pay dividends for Preferred Stock Series N?

Morgan Stanley will pay dividends for Preferred Stock Series N on December 16, 2024, to stockholders of record as of November 29, 2024.

What is the dividend amount for Morgan Stanley (MS) Series P Preferred Stock?

The dividend for Morgan Stanley's 6.500 Percent Non-Cumulative Preferred Stock, Series P, is $406.25 per share (equivalent to $0.406250 per Depositary Share).

When is the record date for Morgan Stanley (MS) preferred stock dividends Series A through Q?

The record date for Morgan Stanley's preferred stock Series A, C, E, F, I, K, L, O, P, and Q is December 31, 2024, with payment on January 15, 2025.

Which Morgan Stanley (MS) preferred stock series offers the highest dividend payment?

Series N offers the highest dividend payment at $2,115.31 per share (equivalent to $21.153076 per Depositary Share).