Morgan Stanley Declares Quarterly Dividends on Its Preferred Stock

Rhea-AI Summary

Morgan Stanley has declared dividends for several preferred stock series, with notable amounts including $255.56 for Series A and $25.00 for Series C. The payments are due on January 15, 2021, to shareholders of record as of December 31, 2020. Other series include fixed-to-floating rates with dividends ranging from $245.77 to $445.31 per share. This announcement underlines the firm's commitment to returning value to shareholders.

Positive

• Strong dividend payments demonstrate Morgan Stanley's commitment to returning value to shareholders.
• Diverse preferred stock series provide various investment options 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 - $255.56 per share (equivalent to $0.25556 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 - $245.77 per share (equivalent to $9.83092 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 - $258.55 per share (equivalent to $10.34203 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, J, K and L are payable on January 15, 2021 to stockholders of record at the close of business on December 31, 2020.

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/20201215006085/en/

FAQ

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

The dividend amount for Series A is $255.56 per share.

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

Dividends will be paid on January 15, 2021.

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

The record date is December 31, 2020.

How does the dividend for Series C compare to other series?

Series C offers a dividend of $25.00 per share, which is lower than some other series.

Are the dividends for Morgan Stanley's preferred stocks fixed or variable?

The dividends vary by series; some are fixed and others are fixed-to-floating.