Morgan Stanley Q3 Dividend Hike Details Are Here

Morgan Stanley (NYSE:MS) announced Monday that it will raise its quarterly common stock dividend to $0.775 per share from the current $0.70 per share beginning with the common dividend expected to be declared in the third quarter of 2022.

What Happened: Morgan Stanley CEO James Gorman said, “After doubling our dividend last year, we are raising our dividend 11%.”