Morgan Stanley Declares Quarterly Dividends on Its Preferred Stock

Rhea-AI Summary

Morgan Stanley has declared dividends on several preferred stock issues, with amounts varying by series. Key declarations include:

• Series A: $252.78 per share
• Series C: $25.00 per share
• Series E: $445.31 per share
• Series F: $429.69 per share
• Series H: $239.74 per share
• Series I: $398.44 per share
• Series K: $365.63 per share
• Series L: $304.69 per share

All dividends are payable on July 15, 2021, to shareholders of record by June 30, 2021. This move reflects Morgan Stanley's commitment to returning income to shareholders.

Positive

• The declaration of dividends showcases Morgan Stanley's commitment to shareholder returns.
• Diverse preferred stock series offer attractive dividend yields for investors.

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 - $252.78 per share (equivalent to $0.25278 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 - $239.74 per share (equivalent to $9.58976 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)

The dividends for the Preferred Stock Series A, C, E, F, H, I, K and L are payable on July 15, 2021 to stockholders of record at the close of business on June 30, 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/20210615006122/en/

FAQ

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

The dividend for Series A is $252.78 per share.

When will Morgan Stanley pay dividends on Series E preferred stock?

Dividends on Series E will be paid on July 15, 2021.

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

The record date for the dividends is June 30, 2021.

Is Morgan Stanley's dividend payout sustainable?

The sustainability of the dividend payout will depend on the firm's overall financial performance.