Morgan Stanley has announced the declaration of regular dividends on its outstanding shares of preferred stock. The announcement covers several series, each with specific dividend amounts per share.
For the Floating Rate Non-Cumulative Preferred Stock, Series A, a dividend of $358.35 per share will be distributed, which translates to $0.358347 per Depositary Share. The 10 Percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C, is set at $25.00 per share.
The Fixed-to-Floating Rate Non-Cumulative Preferred Stock Series E and F will see dividends of $455.21 and $439.24 per share respectively, equating to $0.455208 and $0.439236 per Depositary Share.
Further declarations include the Fixed-to-Floating Rate Non-Cumulative Preferred Stock Series I at $407.29 per share ($0.407292 per Depositary Share) and Series K at $365.63 per share ($0.365625 per Depositary Share).
The 4.875 Percent Non-Cumulative Preferred Stock, Series L's dividend stands at $304.69 per share or $0.304688 for each Depositary Share.
A notable dividend for the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N is set at an impressive $2,115.31 per share, translating to a substantial $21.153076 for each Depositary Share.
Other announcements include the 4.250 Percent Non-Cumulative Preferred Stock, Series O at $265.63 per share ($0.265625 for each Depositary Share), the 6.500 Percent Non-Cumulative Preferred Stock, Series P at $406.25 ($0.406250 for each Depositary Share), and lastly, the 6.625 Percent Non-Cumulative Preferred Stock, Series Q offering a dividend of $414.06 ($0.414063 for each Depositary Share).
Notably, dividends declared on the Preferred Stock Series N are scheduled for payment on December 16, 2024 to shareholders recorded by November 29, 2024.