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Morgan Stanley (MS) Doubles Dividend to $0.70; Authorizes $12B Share Buyback
June 28, 2021 4:32 PM EDT(Updated - June 28, 2021 4:33 PM EDT)
Morgan Stanley (NYSE: MS) announced that it will double its quarterly common stock dividend to $0.70 per share from the current $0.35 per share, beginning with the common dividend expected to be declared by the Firms Board of Directors in the third quarter of 2021. In addition, the Firm announced a new increased repurchase authorization of outstanding common stock of up to $12 billion through June 30, 2022.
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