Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Rhea-AI Summary

Northern Trust Corporation (NASDAQ: NTRS) has declared a quarterly cash dividend of $0.70 per common stock share, payable on April 1, 2022. Record holders by 5:00 p.m. CT on March 11, 2022 will qualify. Additionally, the company announced dividends for preferred stock: $2,300.00 for Series D and $293.75 for Series E, payable on April 1, 2022 to holders recorded by 5:00 p.m. CT on March 15, 2022.

Positive

• Declared a quarterly cash dividend of $0.70 per common share, reflecting company confidence.
• Providing significant dividends for preferred shares, indicating strong financial health.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.70 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2022, to holders of record at 5:00 p.m., Chicago time, on March 11, 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 April 1, 2022, to holders of record at 5:00 p.m., Chicago time, on March 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 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 September 30, 2021, Northern Trust had assets under custody/administration of US$15.8 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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119006085/en/

Investor Relations:

Mark Bette

312-444-2301

Mark.Bette@ntrs.com



Media Contact:

Doug Holt

312-557-1571

Doug.Holt@ntrs.com

http://www.northerntrust.com

Source: Northern Trust Corporation

FAQ

What is the dividend amount for Northern Trust Corporation (NTRS)?

The dividend amount is $0.70 per common share.

When will the dividend be paid to shareholders of NTRS?

The dividend will be paid on April 1, 2022.

What are the record dates for Northern Trust's dividends?

The record date for common stock is March 11, 2022, and for preferred stock, it is March 15, 2022.

How much are the preferred stock dividends for NTRS?

The preferred stock dividends are $2,300.00 for Series D and $293.75 for Series E.