Morgan Stanley hikes dividend by 10.7%

Morgan Stanley (MS) will raise its quarterly dividend 10.7 percent to $0.775 per share in 2022. This comes on the back of a 100% dividend increase to 70 cents per share in 2021. This also follows a dividend hike of 16.7 percent to $0.35 per share in 2019 and marks the 9th consecutive year of dividend increases by the financial holding company. The dividend hike comes after the stress test results announced in June.

The next MS dividend will be paid on August 15, 2022 to shareholders of record on July 29, 2022. A new annualized dividend rate of $3.10 per share yields 4.0% at a stock price of $78.

Morgan Stanley is a financial services firm providing investment banking, securities, wealth management and investment management services. The company serves clients worldwide including corporations, governments, institutions and individuals. Morgan Stanley has increased its dividend every year since 2014. During the financial crisis in 2009 the quarterly payment was cut by 81.5 percent.