Morgan Stanley Announces the Increase of Its Quarterly Dividend from $0.25 to $0.30 Per Share & Share Repurchase of up to $4....
June 28 2018 - 4:47PM
Business Wire
Morgan Stanley (NYSE:MS) today announced the capital actions in
the Firm’s 2018 Capital Plan. The 2018 Capital Plan includes the
repurchase of up to $4.7 billion of outstanding common stock for
the four quarters beginning in the third quarter of 2018 through
the end of the second quarter of 2019, and an increase in the
Firm’s quarterly common stock dividend to $0.30 per share from the
current $0.25 per share, beginning with the common dividend
expected to be declared for the third quarter of 2018. The total
amount of expected capital distributions is consistent with the
$6.8 billion of actual dividends and gross share repurchases
included in the Firm’s 2017 Capital Plan.
James Gorman, Chairman and Chief Executive Officer of Morgan
Stanley, said, “We are pleased to have increased the dividend for
the fourth consecutive year, while maintaining a meaningful
buyback. Our 2018 Capital Plan reflects the underlying strength and
stability of our attractive mix of businesses. Morgan Stanley
continues to invest for future growth while maintaining a very
strong capital base and an attractive capital return profile.”
Morgan Stanley (NYSE:MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
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For Morgan Stanley:Media Relations:Michele Davis,
212-761-9621orInvestor Relations:Sharon Yeshaya, 212-761-1632
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