dividend
confidence high
sentiment positive
materiality 0.75
Morgan Stanley raises quarterly dividend to $0.85 (9.7% increase) and authorizes $20B buyback
MORGAN STANLEY
- Quarterly common stock dividend increased to $0.85 per share from $0.775, effective Q3 2023.
- Board reauthorized up to $20B multi-year common equity share repurchase program, no expiration.
- Federal Reserve CCAR 2023 results yield Stress Capital Buffer of 5.4% for Oct 2023-Sep 2024.
- Aggregate Basel III standardized CET1 ratio expected at 12.9%; actual was 15.1% as of Mar 31, 2023.
- CEO James Gorman cited resilience of Wealth & Investment Management and strong capital position.