Morgan Stanley Announces 7.5 Cents Dividend Increase and Authorization of a Renewed $20 Billion Multi-Year Common Equity Share Repurchase Program
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NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) announced that it will increase its quarterly c...
Original sourceAI Summary
- Morgan Stanley increased quarterly common stock dividend to $0.925 from $0.85. - Board reauthorized $20 billion share repurchase program, unrestricted expiration date. - CEO mentioned a consistent strategy to manage capital for clients, raising dividend for third year. - Expected SCB of 6.0% from October 1, 2024, with CET1 ratio of 13.5%. - Morgan Stanley offers various financial services globally, with 42 country offices. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Corporate Developments
Market-Moving
- Morgan Stanley increased quarterly common stock dividend to $0.925 from $0.85.
- Board reauthorized $20 billion share repurchase program, unrestricted expiration date.
- CEO mentioned a consistent strategy to manage capital for clients, raising dividend for third year.
Key Facts
- Morgan Stanley increased quarterly common stock dividend to $0.925 from $0.85.
- Board reauthorized $20 billion share repurchase program, unrestricted expiration date.
- CEO mentioned a consistent strategy to manage capital for clients, raising dividend for third year.
- Expected SCB of 6.0% from October 1, 2024, with CET1 ratio of 13.5%.
- Morgan Stanley offers various financial services globally, with 42 country offices.