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Morgan Stanley Plans to Raise Dividend by 15%; Reauthorizes Share Buyback of Up to $20 Billion

Provided by Dow Jones Jun 24, 2026, 9:10:00 PM

By Kelly Cloonan

Morgan Stanley plans to raise its quarterly dividend by 15%, to $1.15 a share, from $1 a share.

The financial services firm also said its board reauthorized a multi-year share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter.

The firm's new quarterly payout, equal to $4.60 a year, would represent an annual yield of about 2.1% based on Wednesday's closing price of $219.86.

The company said the increase would begin with the dividend declared by its board in the third quarter.

Chief Executive Ted Pick cited the company's financial strength, which he said gives it the flexibility to invest in growth opportunities while increasing the capital it returns to shareholders.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 24, 2026 17:10 ET (21:10 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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