Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Rhea-AI Summary

Northern Trust Corporation (NASDAQ: NTRS) announced a quarterly cash dividend increase to $0.75 per share from $0.70, payable on October 1, 2022, to shareholders of record by September 9, 2022. Additionally, dividends for Series D and E preferred stock were declared at $2,300.00 and $293.75 per share, respectively. This increment showcases the company's strong balance sheet and commitment to returning value to shareholders.

Positive

• Dividend increased to $0.75 per share, reflecting strong balance sheet.
• Commitment to shareholders emphasized by dividend announcements.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared an increase in its quarterly cash dividend to $0.75 per share on its common stock ($1.66-2/3 par value), from the current $0.70 per share, payable on October 1, 2022, to holders of record at 5:00 p.m., Chicago time, on September 9, 2022.

Northern Trust Corporation also declared cash dividends of $2,300.00 per share of its Series D non-cumulative perpetual preferred stock (resulting in a distribution of $23.00 per depositary share), and $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depositary share), each payable on October 1, 2022, to holders of record at 5:00 p.m., Chicago time, on September 15, 2022.

“We are pleased to announce a dividend increase, reflecting the strength of Northern Trust’s balance sheet and capital position, as well as our commitment to shareholders,” Chairman and Chief Executive Officer Michael O’Grady said.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 23 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220719006048/en/

Investor Relations:

Mark Bette

312-444-2301

Mark_Bette@ntrs.com

Media Contact:

Doug Holt

312-557-1571

Doug_Holt@ntrs.com

Source: Northern Trust Corporation

FAQ

What is the new quarterly dividend amount for NTRS?

The new quarterly dividend for Northern Trust Corporation (NTRS) is $0.75 per share.

When is the dividend payment date for NTRS?

The dividend payment date for NTRS is October 1, 2022.

What is the record date for NTRS dividend?

The record date for the NTRS dividend is September 9, 2022.

What dividends were declared for preferred stock of NTRS?

NTRS declared dividends of $2,300.00 per share for Series D and $293.75 per share for Series E non-cumulative perpetual preferred stock.