Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Rhea-AI Summary

Northern Trust Corporation (Nasdaq: NTRS) has announced a quarterly cash dividend of $0.70 per share on its common stock, payable on July 1, 2021, to shareholders of record by June 11, 2021. Additionally, a cash dividend of $293.75 per share on its Series E non-cumulative perpetual preferred stock will also be paid on July 1, 2021, for those on record by June 15, 2021. As of March 31, 2021, Northern Trust managed $14.8 trillion in assets under custody and $1.4 trillion in assets under management.

Positive

• Quarterly cash dividend of $0.70 per share supports shareholder returns.
• Dividend distribution of $293.75 per preferred share demonstrates confidence in financial stability.
• Strong asset management with $14.8 trillion in assets under custody.

Negative

• None.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.70 per share on its common stock ($1.66-2/3 par value), payable on July 1, 2021, to holders of record at 5:00 p.m., Chicago time, on June 11, 2021.

Northern Trust Corporation also declared a cash dividend of $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depositary share), payable on July 1, 2021, to holders of record at 5:00 p.m., Chicago time, on June 15, 2021.

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 22 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, 2021, Northern Trust had assets under custody/administration of US$14.8 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

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FAQ

What is the dividend amount declared by Northern Trust Corporation for Q2 2021?

Northern Trust Corporation declared a quarterly cash dividend of $0.70 per share for Q2 2021.

When is the payment date for Northern Trust's common stock dividend?

The payment date for the common stock dividend is July 1, 2021.

What is the record date for Northern Trust's Series E preferred stock dividend?

The record date for the Series E preferred stock dividend is June 15, 2021.

How much is the dividend for Northern Trust's Series E preferred stock?

The dividend for Series E preferred stock is $293.75 per share.

What are the total assets under management for Northern Trust as of March 31, 2021?

As of March 31, 2021, Northern Trust has $1.4 trillion in assets under management.