Morgan Stanley
Morgan Stanley Announces Dividend Increase and New Share Repurchase Program
Summary
On June 28, 2024, Morgan Stanley announced an increase in its quarterly common stock dividend from $0.85 to $0.925 per share, effective in the third quarter of 2024. Additionally, the company reauthorized a multi-year common equity share repurchase program of up to $20 billion, with no set expiration date, also commencing in the third quarter. The share repurchases will be at prices deemed appropriate by the company. These actions reflect the firm's continued strategy to manage and allocate capital effectively. The announcement was made alongside the release of the Federal Reserve's 2024 supervisory stress test results, which indicated that Morgan Stanley expects to be subject to a Stress Capital Buffer of 6.0% from October 1, 2024, to September 30, 2025.
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About Morgan Stanley
Morgan Stanley is a multinational financial services company primarily recognized for its robust capabilities in investment banking, securities, wealth management, and investment management. As a leading player in the financial sector, it provides services to corporations, governments, institutions, and individuals worldwide. Morgan Stanley plays a pivotal role in structuring complex financial transactions and offers strategic advisory services on mergers and acquisitions, capital raising, and risk management. Moreover, its wealth management division provides tailored financial solutions and investment strategies for high-net-worth clients. This comprehensive approach, coupled with a strong global presence, enables Morgan Stanley to adapt to various economic environments, assisting clients in achieving their financial objectives. Founded in 1935 and headquartered in New York City, Morgan Stanley has established itself as a significant force shaping global financial strategies and capital markets.
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