Northern Trust Declares $0.88 Dividend, Authorizes Up to $3.5B Buyback
NTRS sits 38% above its 52-week low of $121.53.
Summary
Northern Trust declared a $0.88 quarterly common dividend and a $0.29375 preferred dividend, both payable Jan 1, 2027, and its board approved up to $3.5B in new common share buybacks. The bank has already returned $514.2M to shareholders year-to-date — $161.9M in dividends and $352.3M in buybacks — against a 12.4% CET1 ratio, so the new authorization is comfortably funded. The recap also restates Q3 numbers reported Oct 21: $3.40 diluted EPS, up 48% year-over-year, with AUC at $20T (+9%) and AUM at $2T (+11%). Management guided Q4 net interest income up 8-9% and revenue up 6-7%. The buyback size is meaningful for a company of this market value and gives a steady bid under the stock; watch the Q4 print for whether the NII and revenue guidance holds.
At the time of this announcement, NTRS was trading at $167.92 on NASDAQ in the Finance sector, with a market capitalization of approximately $30.7B. The 52-week trading range was $121.53 to $195.78. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.