Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Rhea-AI Summary

Northern Trust Corporation (NASDAQ: NTRS) declared a quarterly cash dividend of $0.70 per share on its common stock, payable on July 1, 2022, to shareholders of record as of June 10, 2022. Additionally, it announced a cash dividend of $293.75 per share on its Series E non-cumulative perpetual preferred stock, also payable on July 1, 2022, to holders recorded by June 15, 2022. As of March 31, 2022, Northern Trust managed US$1.5 trillion in assets.

Positive

• Quarterly cash dividend of $0.70 per common share, indicating confidence in cash flow.
• Preferred stock dividend of $293.75 per share reinforces financial stability.

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 July 1, 2022, to holders of record at 5:00 p.m., Chicago time, on June 10, 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 July 1, 2022, to holders of record at 5:00 p.m., Chicago time, on June 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 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/20220426006214/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 declared by Northern Trust Corporation (NTRS)?

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

When is the dividend payment date for NTRS?

The dividend payment date is July 1, 2022.

What is the record date for the dividend payment for Northern Trust Corporation?

The record date for the dividend payment is June 10, 2022.

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

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

When will the Series E preferred stock dividend be paid?

The Series E preferred stock dividend will be paid on July 1, 2022.