Morgan Stanley Announces Dividend Increase From $0.775 To $0.85 Per Share And Authorization Of A Renewed $20B Multi-Year Common Equity Share Repurchase Program
Portfolio Pulse from Happy Mohamed
Morgan Stanley (NYSE:MS) has announced an increase in its quarterly common stock dividend from $0.775 to $0.85 per share, starting from Q3 2023. The firm's board has also reauthorized a multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in Q3 2023. The decisions were made following the results of the Federal Reserve's stress test, which demonstrated the durability of Morgan Stanley's business model.
June 30, 2023 | 8:40 pm
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POSITIVE IMPACT
Morgan Stanley's decision to increase its dividend and reauthorize a share repurchase program reflects its strong capital position and could potentially attract more investors, positively impacting its stock price in the short term.
Dividend increases and share repurchase programs are generally seen as positive signals by the market, indicating a company's strong financial health and confidence in its future prospects. These actions often attract more investors, which can drive up the stock price.
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