Northern Trust raises quarterly dividend to $0.80 per share

CHICAGO - Northern Trust Corporation (NASDAQ:NTRS), a financial services company with a remarkable 55-year track record of consecutive dividend payments and a current dividend yield of 2.39%, announced Tuesday it will increase its quarterly cash dividend to $0.80 per share on its common stock, payable on October 1, 2025, to shareholders of record as of September 5, 2025.

The financial services company also declared cash dividends on its preferred stock. Series D non-cumulative perpetual preferred stockholders will receive $2,300 per share ($23.00 per depositary share), while Series E non-cumulative perpetual preferred stockholders will receive $293.75 per share ($0.29375 per depositary share). Both preferred stock dividends will be payable on October 1, 2025, to holders of record as of September 15, 2025.

"We are pleased to announce a dividend increase, a testament to our strong capital position and steadfast commitment to our shareholders," said Michael O’Grady, Chairman and Chief Executive Officer of Northern Trust. According to InvestingPro analysis, the company currently trades near its Fair Value, with a strong financial health score of 3.09 out of 4.

Northern Trust Corporation, founded in Chicago in 1889, provides wealth management, asset servicing, asset management, and banking services. With a market capitalization of $24.62 billion and a P/E ratio of 11.77, the company has demonstrated strong performance with a 48.54% return over the past year. As of March 31, 2025, the company reported assets under custody/administration of $16.9 trillion and assets under management of $1.6 trillion. For comprehensive analysis and additional insights, access the detailed Pro Research Report available on InvestingPro.

The dividend announcement was made in a press release issued by the company.

In other recent news, Northern Trust has been at the center of significant developments. The company affirmed its commitment to independence following reports that Bank of New York Mellon had expressed interest in a potential merger. Despite these merger talks, Northern Trust stated it remains dedicated to delivering long-term value independently. Analyst firm Keefe, Bruyette & Woods downgraded Northern Trust from Market Perform to Underperform, even as they raised the stock’s price target to $120. This downgrade followed a notable increase in the stock price after the merger discussions were reported. Meanwhile, Truist Securities raised its price target for Northern Trust to $116, maintaining a Hold rating, citing the company’s strong market position. Additionally, Northern Trust Asset Management announced new appointments, naming Gary Paulin and Joseph Tanious as chief investment strategists for International and North America, respectively. These changes are part of Northern Trust’s strategy to enhance its investment expertise and global presence.

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