Northern Trust (NTRS) Raises Quarterly Dividend 10.5% to $0.42; 1.7% Yield

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Go back to Northern Trust (NTRS) Raises Quarterly Dividend 10.5% to $0.42; 1.7% Yield

Northern Trust Announces Increased Quarterly Dividend and Stock Repurchase Authorization

July 18, 2017 6:28 PM EDT

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.42 per share on its common stock ($1.66-2/3 par value), payable on October 1, 2017, to holders of record at 5:00 p.m., Chicago time, on September 1, 2017. The dividend represents a more than 10 percent increase from the prior quarterly rate of $0.38 per share, and will result in an expected annual dividend rate of $1.68, compared with the prior annual rate of $1.52.

Northern Trust also announced that its Board of Directors has approved a new common... More