Northern Trust Corporation (NTRS) to Issue Quarterly Dividend of $0.80 on July 1st

Northern Trust Corporation (NASDAQ:NTRS) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, June 5th will be paid a dividend of 0.80 per share by the asset manager on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th.

Northern Trust has raised its dividend payment by an average of 0.0%per year over the last three years. Northern Trust has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northern Trust to earn $11.82 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 27.1%.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $169.79 on Wednesday. The firm has a market cap of $31.42 billion, a PE ratio of 17.78, a PEG ratio of 1.21 and a beta of 1.25. The stock has a 50 day moving average of $156.95 and a 200 day moving average of $146.28. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.51. Northern Trust has a 12 month low of $104.99 and a 12 month high of $173.18.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS. On average, research analysts expect that Northern Trust will post 10.68 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.