CHICAGO - Northern Trust Corporation, the holding company of The Northern Trust Company, has announced the declaration of a quarterly cash dividend of $0.75 per share on its common stock.The dividend is payable on October 1, 2024, to shareholders of record as of September 6, 2024.
In addition to the common stock dividend, Northern Trust Corporation has declared cash dividends of $2,300 per share of its Series D non-cumulative perpetual preferred stock.This results in a distribution of $23.00 per deposit following on from the announcement.
The decision to declare these dividends reflects Northern Trust Corporation’s commitment to returning value to its shareholders.The company has a long history of consistently paying dividends and has a strong track record of financial performance.
Northern Trust Corporation is a leading provider of wealth management, asset servicing, and asset management services.The company has a reputation for delivering exceptional service to its clients and has a strong presence in the global financial markets.
The announcement of the dividends is a positive sign for Northern Trust Corporation and demonstrates the company’s confidence in its future prospects.Shareholders can expect to receive their dividends in early October, providing them with a return on their investment in the company.
Overall, the declaration of the quarterly dividend and preferred stock distribution by Northern Trust Corporation highlights the company’s strong financial position and its commitment to creating value for its shareholders.
In conclusion, Northern Trust Corporation’s announcement of the dividend and preferred stock distribution is a positive development for the company and its shareholders.With a solid financial foundation and a history of success, Northern Trust Corporation is well-positioned for future growth and continued success in the financial services industry.
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