Northern Trust (NTRS) Raises Quarterly Dividend 9.1% to $0.36, Announces 15M Share Buyback

Northern Trust (NASDAQ: NTRS) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. This is a 9.1% increase from the prior dividend of $0.33.

The dividend will be payable on July 1, 2015, to stockholders of record on June 5, 2015, with an ex-dividend date of June 3, 2015.

The annual yield on the dividend is 1.9 percent.

Northern Trust also announced that its Board of Directors has approved a new common stock repurchase authorization of up to 15 million shares. The new repurchase authorization replaces the authorization approved on April 15, 2014. The method, timing, and amount of shares repurchased under the new repurchase authorization will depend on several factors, including market conditions, capital and liquidity requirements, and alternative uses for cash available.

“We are pleased to announce both a dividend increase and a new repurchase authorization, which demonstrate Northern Trust’s strong capital position and conservative risk profile,” Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said.

For a dividend history and other dividend-related data on Northern Trust (NTRS) click here.

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