Morgan Stanley Declares Dividends on Its Preferred Stock

Rhea-AI Summary

Morgan Stanley (NYSE: MS) announced dividends for various preferred stock series. The Floating Rate Non-Cumulative Preferred Stock, Series A will yield $343.28 per share, while the 10 Percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C will pay $25.00 per share. Other notable payments include Series E at $445.31 and Series N at $2,650.00. Dividends for Series M and N are due on March 15, 2023, with a record date of February 28, 2023. Payments for Series A, C, E, F, I, K, L, O, and P are scheduled for April 17, 2023 with a record date of March 31, 2023.

Positive

• Regular dividends declared for multiple preferred stock series.
• High dividend payments, such as Series N at $2,650.00, indicating strong financial health.

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 - $343.28 per share (equivalent to $0.343277 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 $0.445313 per Depositary Share)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F - $429.69 per share (equivalent to $0.429688 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 M - $29.38 per share
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N - $2,650.00 per share (equivalent to $26.500000 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 M and N are payable on March 15, 2023 to stockholders of record at the close of business on February 28, 2023.

The dividends for the Preferred Stock Series A, C, E, F, I, K, L, O and P are payable on April 17, 2023 to stockholders of record at the close of business on March 31, 2023.

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 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/20230215005784/en/

Media Relations: Wesley McDade, 212.761.2430

Investor Relations: Leslie Bazos, 212.761.5352

Source: Morgan Stanley

FAQ

What is the dividend amount for Morgan Stanley's preferred stocks?

Morgan Stanley has declared dividends ranging from $25.00 for Series C to $2,650.00 for Series N.

When are the dividends for Morgan Stanley's preferred stocks payable?

Dividends for Series M and N are payable on March 15, 2023, while Series A, C, E, F, I, K, L, O, and P are payable on April 17, 2023.

What is the record date for Morgan Stanley's preferred stock dividends?

The record date for Series M and N is February 28, 2023, and for Series A, C, E, F, I, K, L, O, and P is March 31, 2023.

How often does Morgan Stanley pay dividends on its preferred stocks?

Morgan Stanley pays dividends on its preferred stocks regularly, with specific payment dates announced for each series.

Are the dividends for Morgan Stanley's preferred stocks sustainable?

Given the high dividend amounts, Morgan Stanley's continued payments suggest a strong financial position, though investors should monitor company performance.