Northern Trust (NTRS) Raises Quarterly Dividend 5.6% to $0.38; 2.3% Yield

Northern Trust Announces Increased Quarterly Dividend

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.38 per share on its common stock ($1.66-2/3 par value), payable on October 1, 2016, to stockholders of record on September 2, 2016.

The dividend represents a 6 percent increase from the prior quarterly rate of $0.36 per share, and will result in an expected annual dividend rate of $1.52, compared with the prior annual rate of $1.44.

"We are... More

Northern Trust Announces Increased Quarterly Dividend

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.38 per share on its common stock ($1.66-2/3 par value), payable on October 1, 2016, to stockholders of record on September 2, 2016.

The dividend represents a 6 percent increase from the prior quarterly rate of $0.36 per share, and will result in an expected annual dividend rate of $1.52, compared with the prior annual rate of $1.44.

"We are... More

Northern Trust Corporation Reports Second Quarter Net Income of $260.7 Million, Earnings Per Common Share of $1.09

Return on Average Common Equity of 12.2%

Returned $224.2 Million in Capital to Common Stockholders

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation today reported second quarter net income per diluted common share of $1.09, compared to $1.10 in the second quarter of 2015 and $1.01 in the first quarter of 2016. Net income was $260.7 million, compared to $269.2 million in the prior-year quarter and $241.8 million in the prior quarter. Return on average common equity was 12.2%, compared to 12.8% in the prior-year quarter and 11.4% in the prior quarter.

The current quarter included a pre-tax gain on the sale of... More