Northern Trust Announces Quarterly Dividend Payments
Northern Trust Corporation (Nasdaq: NTRS), renowned as a prominent player in wealth management and banking, has recently declared its quarterly cash dividend. This dividend is set at a generous $0.75 per share on its common stock, which carries a par value of $1.66-2/3. The dividend is announced to be paid to shareholders on April 1, 2025, to those who are on record as holders by 5:00 p.m. Chicago time on March 14, 2025.
Details on Preferred Stock Dividends
Additionally, Northern Trust Corporation has also declared dividends for preferred stockholders. This includes cash payments of $2,300 per share for its Series D non-cumulative perpetual preferred stock, which translates into a distribution of $23.00 per depositary share. Furthermore, the Series E non-cumulative perpetual preferred stock will yield $293.75 per share, amounting to a distribution of $0.29375 per depositary share. These preferred stock dividends are also payable on April 1, 2025, to those on record by 5:00 p.m. Chicago time on March 15, 2025.
A Brief Overview of Northern Trust
Northern Trust Corporation, established in Chicago back in 1889, has grown into a leading provider of various financial services. It offers wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, affluent families, and individuals. Boasting a global presence, Northern Trust operates in 24 states across the U.S. and maintains offices across 22 locations worldwide, including regions such as Canada, Europe, the Middle East, and the Asia-Pacific.
Impressive Financial Footprint
With substantial assets under custody and administration totaling approximately US$17.4 trillion, and assets under management amounting to US$1.6 trillion, Northern Trust has positioned itself as a significant player in the financial sector. This impressive footprint reflects a legacy of excellence and trust that has been cultivated over more than 135 years in the business.
Commitment to Excellence
Northern Trust is recognized not just for its extensive range of services, but also for its commitment to exceptional client service, financial expertise, integrity, and innovation. This dedication to quality has earned the company respect and recognition within the financial industry.
Connecting with Northern Trust
While Northern Trust continues to grow its global presence, they actively engage with clients and the community through various channels. Follow Northern Trust on their official platforms, like Instagram @northerntrustcompany and LinkedIn for the latest updates on their services and company initiatives.
Frequently Asked Questions
When are the dividend payments scheduled for?
The dividend payments are scheduled to be paid on April 1, 2025.
What is the amount of the common stock dividend?
The declared common stock dividend is $0.75 per share.
What are the dividends for the preferred stocks?
The dividends include $2,300 per share for Series D and $293.75 per share for Series E non-cumulative perpetual preferred stock.
How long has Northern Trust been in business?
Northern Trust was founded in 1889, which means they have been in business for over 135 years.
In which areas does Northern Trust provide services?
Northern Trust provides wealth management, asset servicing, asset management, and banking services, with a global presence across several regions.
