7/102 sources · 2 publishersUpdated Oct 20, 21:22 UTC
Northern Trust announces $0.88 quarterly dividend and $3.5 billion share‑repurchase program
Northern Trust Corporation declared a cash dividend of $0.88 per common share payable on 1 January 2027. The board also approved a new share‑repurchase authorization of up to $3.5 billion, which will become effective after the existing $2.5 billion program is completed. A $293.75 per share dividend on its Series E preferred stock was also announced for the same date.
Why it matters
The dividend provides a near‑term cash return to shareholders, while the expanded buyback program could support the stock price and return additional capital once the prior authorization is exhausted, as noted by the company in its release.
Key facts
- 1Quarterly cash dividend of $0.88 per common share, payable 1 January 2027 to holders of record 4 December 2026. stocktitan.net
- 2Cash dividend of $293.75 per share of Series E preferred stock (equivalent to $0.29375 per depository share), payable 1 January 2027 to holders of record 15 December 2026. stocktitan.net
- 3Board approved a new common‑stock repurchase authorization of up to $3.5 billion, effective after the existing $2.5 billion authorization is completed. stocktitan.net
- 4The new buyback program follows completion of the $2.5 billion share‑repurchase authorization approved in July 2025. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.