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

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Northern Trust Announces Increased Quarterly Dividend and Stock Repurchase Authorization

April 22, 2015 4:05 PM EDT

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.36 per share on its common stock ($1.66-2/3 par value), payable on July 1, 2015 to stockholders of record on June 5, 2015. The dividend represents a 9 percent increase from the prior quarterly rate of $0.33 per share, and will result in an expected annual dividend rate of $1.44, compared with the prior annual rate of $1.32.

Northern Trust also announced that its Board of Directors has approved a new common stock repurchase authorization of up to 15 million... More