Morgan Stanley To Increase Dividend From $0.85 To $0.925/Share; Board Reauthorizes Multi-Year Repurchase Program Of Up To $20B
Portfolio Pulse from Bill Haddad
Morgan Stanley announced an increase in its quarterly dividend from $0.85 to $0.925 per share and the reauthorization of a multi-year repurchase program of up to $20 billion.
June 28, 2024 | 8:37 pm
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Morgan Stanley is increasing its quarterly dividend from $0.85 to $0.925 per share and has reauthorized a multi-year repurchase program of up to $20 billion.
The increase in dividend and the substantial repurchase program signal strong financial health and commitment to returning value to shareholders. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100