Northern Trust Corporation (NTRS) to Issue Quarterly Dividend of $0.88 on October 1st

Northern Trust Corporation (NASDAQ:NTRS – Get Free Report) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, September 4th will be paid a dividend of 0.88 per share by the asset manager on Thursday, October 1st. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. This is a 10.0% increase from Northern Trust’s previous quarterly dividend of $0.80.

Northern Trust has increased its dividend payment by an average of 0.0%per year over the last three years. Northern Trust has a payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Northern Trust to earn $12.64 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 27.8%.

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Northern Trust Stock Down 1.6%

NTRS opened at $182.68 on Wednesday. The firm has a market capitalization of $33.42 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24. Northern Trust has a one year low of $121.12 and a one year high of $195.78. The company has a fifty day moving average price of $183.19 and a 200-day moving average price of $165.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.65.

Northern Trust (NASDAQ:NTRS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $1.52. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.The firm’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. Equities research analysts expect that Northern Trust will post 11.59 earnings per share for the current fiscal year.

Northern Trust Company Profile

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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.

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