Northern Trust Corporation (NTRS) to Distribute Quarterly Dividend of $0.88 on January 1st

Northern Trust Corporation (NASDAQ:NTRS) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.88 per share by the asset manager on Friday, January 1st. This represents a $3.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, December 4th.

Northern Trust has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Northern Trust to earn $12.80 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 27.5%.

Northern Trust Trading Up 0.9%

Shares of Northern Trust stock opened at $166.91 on Thursday. The company has a fifty day simple moving average of $178.14 and a 200-day simple moving average of $173.67. Northern Trust has a 12-month low of $121.53 and a 12-month high of $195.78. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43. The stock has a market cap of $30.54 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.94 and a beta of 1.24.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 21st. The asset manager reported $3.40 EPS for the quarter, topping the consensus estimate of $2.87 by $0.53. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $2.29 EPS. Northern Trust’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts forecast that Northern Trust will post 11.65 EPS for the current fiscal year.

Northern Trust News Summary

Here are the key news stories impacting Northern Trust this week:

• Positive Sentiment: Northern Trust reported third-quarter adjusted earnings of approximately $3.40 per share, well above the consensus estimate near $2.87, while revenue of $2.29 billion also exceeded expectations. Earnings increased sharply from $2.29 per share a year earlier. Northern Trust Corporation Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Results benefited from a 14% year-over-year increase in net interest income, higher trust and servicing fees, and 11% growth in assets under management. Assets under custody or administration reached $19.9 trillion, supporting the company’s fee-based business. Northern Trust Delivers Q3 Earnings Beat as AUM Grows
• Positive Sentiment: The company returned $514.2 million to shareholders through dividends and repurchases and raised its quarterly dividend to $0.88 per share from $0.80, providing an annualized payout of $3.52. Northern Trust Reports Third-Quarter Results
• Neutral Sentiment: Standard Chartered agreed to acquire full control of Zodia Custody, a digital-asset custody venture founded with Northern Trust. The deal may validate the business’s institutional opportunity, although Northern Trust’s direct future economic involvement was not detailed. Standard Chartered Takes Full Control of Zodia Crypto Custody Arm
• Negative Sentiment: Quarter-over-quarter momentum weakened: revenue fell 15% and net income declined to $642.9 million from $792.2 million. Elevated operating expenses and credit costs remain concerns, even though expenses decreased sequentially. Northern Trust Reports Third-Quarter and Nine-Month Results

About Northern Trust

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.