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 $0.75 per share on its common stock, to be paid on July 1, 2023, for shareholders on record as of June 9, 2023. Additionally, the company declared cash dividends of $293.75 per share for its Series E non-cumulative perpetual preferred stock, payable on the same date for holders of record as of June 15, 2023. As of March 31, 2023, Northern Trust had US$14.2 trillion in assets under custody and US$1.3 trillion under management. Established in 1889, Northern Trust provides wealth management, asset servicing, and banking globally.

Positive

• Quarterly cash dividend of $0.75 per share enhances shareholder returns.
• Strong asset management with $14.2 trillion in assets under custody.

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 July 1, 2023, to holders of record at 5:00 p.m., Chicago time, on June 9, 2023.

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 July 1, 2023, to holders of record at 5:00 p.m., Chicago time, on June 15, 2023.

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 25 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, 2023, Northern Trust had assets under custody/administration of US$14.2 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005752/en/

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 has declared a quarterly cash dividend of $0.75 per share.

When will the dividend be paid for NTRS?

The dividend will be paid on July 1, 2023.

When is the record date for the dividend for NTRS?

The record date for the dividend is June 9, 2023.

What is the status of Northern Trust's assets under management?

As of March 31, 2023, Northern Trust has $1.3 trillion in assets under management.

What is the preferred stock dividend for NTRS?

Northern Trust declared a cash dividend of $293.75 per share for its Series E non-cumulative perpetual preferred stock.