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

Northern Trust Corporation (NASDAQ:NTRS) announced a quarterly dividend on Wednesday, January 21st. Stockholders of record on Friday, March 6th will be paid a dividend of 0.80 per share by the asset manager on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, March 6th.

Northern Trust has raised its dividend by an average of 0.0%annually over the last three years. Northern Trust has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northern Trust to earn $9.03 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 35.4%.

Northern Trust Trading Up 0.8%

Shares of NTRS stock opened at $144.42 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.70 and a current ratio of 0.70. The business’s fifty day moving average is $136.96 and its 200 day moving average is $131.54. The company has a market capitalization of $27.31 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. Northern Trust has a 52-week low of $81.62 and a 52-week high of $148.98.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter. The business had revenue of $3.15 billion for the quarter. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%. On average, equities research analysts anticipate that Northern Trust will post 8.27 EPS for the current fiscal year.

Northern Trust Company Profile

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.