Morgan Stanley Announces 11% Dividend Increase and Authorization of a $20 Billion Multi-Year Common Equity Share Repurchase Program
27 Juni 2022 - 10:32PM
Business Wire
Morgan Stanley (NYSE: MS) announced that it will increase its
quarterly common stock dividend to $0.775 per share from the
current $0.70 per share, beginning with the common dividend
expected to be declared by the Firm’s Board of Directors in the
third quarter of 2022.
In addition, the Firm’s Board of Directors authorized a new
multi-year common equity share repurchase program of up to $20
billion, without a set expiration date, beginning in the third
quarter of 2022. The share repurchases will be exercised from time
to time at prices the Company deems appropriate, subject to various
considerations, including current market conditions, the Firm’s
capital position and future economic and earnings outlook.
James P. Gorman, Chairman and Chief Executive Officer of Morgan
Stanley, said, “We are pleased to continue our robust capital
return program, which is driven by our business transformation,
especially the durable earnings from our Wealth Management and
Investment Management businesses. After doubling our dividend last
year, we are raising our dividend 11% and continuing to buy our
stock under a new $20 billion multi-year share repurchase
authorization. The strength and stability of our franchise and our
capital cushion provide us the flexibility to continue to invest
for future growth while also returning capital to
shareholders.”
On June 23, 2022, the Board of Governors of the Federal Reserve
System released its CCAR 2022 results, as a result of which Morgan
Stanley will be subject to a Stress Capital Buffer (SCB) of 5.8%
from October 1, 2022 to September 30, 2023. Together with other
features of the regulatory capital framework, this SCB results in
an aggregate U.S. Basel III Standardized Approach Common Equity
Tier 1 (CET1) ratio of 13.3%. The Firm’s U.S. Basel III
Standardized Approach CET1 ratio was 14.5% as of March 31,
2022.
Morgan Stanley is a leading global financial services firm
providing a wide range of investment banking, securities, wealth
management and investment management services. With offices in 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.
Forward-Looking Statements
This release contains forward-looking statements. Readers are
cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date on which they are made,
which reflect management’s current estimates, projections,
expectations, assumptions, interpretations or beliefs and which are
subject to risks and uncertainties that may cause actual results to
differ materially. Morgan Stanley does not undertake to update the
forward-looking statements to reflect the impact of circumstances
or events that may arise after the date of forward-looking
statements. For a discussion of additional risks and uncertainties
that may affect the future results, financial position or capital
of Morgan Stanley, please see “Forward-Looking Statements”
preceding Part I, Item 1, “Competition” and “Supervision and
Regulation” in Part I, Item 1, “Risk Factors” in Part I, Item 1A,
“Legal Proceedings” in Part I, Item 3, “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in Part
II, Item 7 and “Quantitative and Qualitative Disclosures about
Risk” in Part II, Item 7A, in Morgan Stanley’s Annual Report on
Form 10-K for the year ended December 31, 2021 and other items
throughout the Form 10-K, Quarterly Reports on Form 10-Q, and
Current Reports on Form 8-K, including any amendments thereto.
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