JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
NEW YORK - Morgan Stanley (NYSE:MS), a global financial services giant with a market capitalization of $230.77 billion, announced on Friday it has declared regular dividends on multiple series of its outstanding preferred stock. The company has maintained dividend payments for 33 consecutive years, with 11 straight years of dividend increases.
The financial services firm will pay dividends on 12 different preferred stock series, with payment dates set for September and October 2025. According to InvestingPro data, Morgan Stanley currently offers a dividend yield of 2.69%, demonstrating its commitment to shareholder returns.
For Preferred Stock Series M and N, dividends of $29.38 per share and $1,956.52 per share (equivalent to $19.57 per Depositary Share) respectively will be payable on September 15 to stockholders of record as of August 29.
The remaining ten preferred stock series (Series A, C, E, F, I, K, L, O, P, and Q) will have dividends payable on October 15 to stockholders of record as of September 30. These include the 10 Percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C at $25.00 per share and the 6.625 Percent Non-Cumulative Preferred Stock, Series Q at $414.06 per share (equivalent to $0.41 per Depositary Share).
Other notable dividends include $337.28 per share for the Floating Rate Non-Cumulative Preferred Stock, Series A, and $406.25 per share for the 6.500 Percent Non-Cumulative Preferred Stock, Series P.
The dividend declaration was announced in a press release issued by the company, which describes itself as a global financial services firm with offices in 42 countries providing investment banking, securities, wealth management and investment management services. Currently trading near its 52-week high of $149.08, Morgan Stanley has demonstrated strong market performance with a 51.97% total return over the past year. InvestingPro analysis suggests the stock is currently fairly valued, with 12 additional exclusive insights available to subscribers.
In other recent news, financial technology company IntraFi has successfully secured over $2 billion in the leveraged loan market. This financing was arranged by a consortium of banks led by Morgan Stanley and is backed by Blackstone Inc. and Warburg Pincus. The funds are intended for paying dividends to IntraFi’s private equity owners and refinancing some of its higher-risk debt. In developments concerning Morgan Stanley, the firm reported second-quarter earnings per share of $2.13, marking a 17% increase year-over-year, which exceeded the FactSet consensus estimate by 7.5%. Despite this performance, Freedom Broker downgraded Morgan Stanley’s stock rating from Buy to Hold, maintaining a price target of $126. Meanwhile, Evercore ISI raised its price target for Morgan Stanley to $150, citing strong performances in the Wealth Management and Investment Management divisions. Additionally, Citizens JMP reiterated a Market Perform rating on the stock, noting the company’s potential to consolidate market share. In personnel news, Morgan Stanley has hired Ashish Kumbhat from Bank of America to co-lead its bank advisory group, joining in the fall.
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