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Northern Trust Declares Quarterly Dividends on Common and Preferred Stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Northern Trust Corporation (NASDAQ: NTRS) announced a quarterly cash dividend of $0.75 per share on common stock, payable on January 1, 2023, to holders of record by 5:00 p.m., Chicago time on December 9, 2022. Additionally, it declared cash dividends of $293.75 per share on Series E non-cumulative perpetual preferred stock, also payable on January 1, 2023, to holders of record on December 15, 2022. These dividends reflect the company's ongoing commitment to shareholder returns.
Positive
Quarterly cash dividend of $0.75 per share reflects strong financial health.
Series E preferred stock dividend of $293.75 per share indicates continued profitability.
Negative
None.
CHICAGO--(BUSINESS WIRE)--
Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2023, to holders of record at 5:00 p.m., Chicago time, on December 9, 2022.
Northern Trust Corporation also declared cash dividends of $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depository share), payable on January 1, 2023, to holders of record at 5:00 p.m., Chicago time, on December 15, 2022.
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 June 30, 2022, Northern Trust had assets under custody/administration of US$13.7 trillion, and assets under management of US$1.3 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.
Media Contact:
Doug Holt Northern Trust (312) 557-1571
Doug.Holt@ntrs.com
Source: Northern Trust Corporation
FAQ
What is the dividend amount for Northern Trust Corporation (NTRS)?
Northern Trust Corporation (NTRS) has declared a quarterly cash dividend of $0.75 per share.
When will Northern Trust Corporation (NTRS) pay its dividend?
The dividend for Northern Trust Corporation (NTRS) will be payable on January 1, 2023.
What is the record date for the dividend payment for Northern Trust Corporation (NTRS)?
The record date for the dividend payment is December 9, 2022, at 5:00 p.m. Chicago time.
Is the dividend for Series E preferred stock of Northern Trust Corporation (NTRS) sustainable?
Northern Trust Corporation (NTRS) declared a cash dividend of $293.75 per share for Series E preferred stock, indicating a commitment to shareholder returns.
