Morgan Stanley Declares Dividends on Its Preferred Stock

Rhea-AI Summary

Morgan Stanley (NYSE: MS) announced dividends for its preferred stock issues, highlighting significant returns for shareholders. The Floating Rate Non-Cumulative Preferred Stock, Series A offers $241.67 per share, while the 10 Percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C provides $25.00 per share. Additional dividends include Fixed-to-Floating Rate Non-Cumulative Preferred Stocks ranging from $29.38 to $2,650.00 per share. Payments are scheduled for March 15, 2022, and April 15, 2022, for various series.

Positive

• High dividends for preferred shares, with Series N at $2,650.00 per share.
• Scheduled payments indicate strong cash flow and commitment to shareholders.

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 - $241.67 per share (equivalent to $0.24167 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 I - $398.44 per share (equivalent to $0.39844 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 - $29.38 per share
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N - $2,650.00 per share (equivalent to $26.50 per Depositary Share)
• 4.250 Percent Non-Cumulative Preferred Stock, Series O - $265.63 per share (equivalent to $0.26563 per Depositary Share)

The dividends for the Preferred Stock Series M and N are payable on March 15, 2022 to stockholders of record at the close of business on February 28, 2022.

The dividends for the Preferred Stock Series A, C, E, F, I, K, L and O are payable on April 15, 2022 to stockholders of record at the close of business on March 31, 2022.

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/20220215006116/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?

The dividend amounts vary by series, with the highest being $2,650.00 per share for Series N.

When will the dividends for Morgan Stanley's preferred stocks be paid?

Dividends for Series M and N are payable on March 15, 2022, while other series will be paid on April 15, 2022.

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

The record date for Series M and N is February 28, 2022, and for the other series, it's March 31, 2022.

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

No, the dividends for these preferred stocks are non-cumulative.