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, payable on April 1, 2023. Record date for this dividend is March 10, 2023, 5:00 p.m. Chicago time. Additionally, it declared cash dividends of $2,300 for Series D preferred stock and $293.75 for Series E preferred stock, each payable on April 1, 2023, with record dates of March 15, 2023. Northern Trust, a leading provider in wealth management and financial services, reported assets under custody of US$12.8 trillion and assets under management of US$1.2 trillion as of September 30, 2022.

Positive

• Quarterly cash dividend of $0.75 supports shareholder income.
• Consistent dividend payments indicate 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 $0.75 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2023, to holders of record at 5:00 p.m., Chicago time, on March 10, 2023.

Northern Trust Corporation also declared cash dividends of $2,300 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 depository share), each payable on April 1, 2023, to holders of record at 5:00 p.m., Chicago time, on March 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 September 30, 2022, Northern Trust had assets under custody/administration of US$12.8 trillion, and assets under management of US$1.2 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/20230118005966/en/

Media Contact:

Doug Holt

Northern Trust

(312) 557-1571

Doug.Holt@ntrs.com

Source: Northern Trust Corporation

FAQ

What is the dividend amount declared by Northern Trust Corporation?

Northern Trust Corporation declared a dividend of $0.75 per share.

When will the dividend be paid to shareholders of NTRS?

The dividend will be paid on April 1, 2023.

What is the record date for the dividend payment of NTRS?

The record date for the dividend payment is March 10, 2023.

Are there any dividends for preferred stock by Northern Trust?

Yes, Northern Trust declared dividends of $2,300 for Series D and $293.75 for Series E preferred stock.

What are the assets under management for Northern Trust Corporation?

As of September 30, 2022, Northern Trust had assets under management of $1.2 trillion.