Northern Trust Corporation (NASDAQ:NTRS) to Issue $0.80 Quarterly Dividend

Northern Trust Corporation (NASDAQ:NTRS) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, June 5th will be given a dividend of 0.80 per share by the asset manager on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th.

Northern Trust has raised its dividend payment by an average of 0.0%per year over the last three years. Northern Trust has a dividend payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Northern Trust to earn $11.40 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 28.1%.

Northern Trust Trading Up 8.0%

Northern Trust stock opened at $171.74 on Wednesday. The firm has a 50 day simple moving average of $144.44 and a 200-day simple moving average of $139.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $31.83 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23. Northern Trust has a 12-month low of $88.25 and a 12-month high of $173.19.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $1.90 earnings per share. As a group, equities research analysts expect that Northern Trust will post 10.27 EPS for the current fiscal year.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.