Morgan Stanley Boosts Quarterly Dividend, Reauthorizes New Share Repurchase Policy
Portfolio Pulse from Lekha Gupta
Morgan Stanley (NYSE:MS) has announced a share appreciation policy, raising its quarterly common dividend per share to $0.85 from $0.775, with a stock dividend expected to be declared in Q3 2023. The company has also reauthorized a multi-year share repurchase program of up to $20 billion without a defined expiration date, beginning in Q3 2023. This follows the Federal Reserve's stress test results, with Morgan Stanley expecting to be subject to a Stress Capital Buffer (SCB) of 5.4% from October 1, 2023, to September 30, 2024.
July 03, 2023 | 10:21 am
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POSITIVE IMPACT
Morgan Stanley's decision to raise its dividend and reauthorize a share repurchase program reflects its strong capital position and could attract more investors, potentially driving the stock price up.
The increase in dividend and the reauthorization of the share repurchase program are positive signals to investors, indicating the company's strong financial health and commitment to returning capital to shareholders. This could increase demand for the stock, potentially driving the price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100