northern trust corp (NTRS) Key Developments
Northern Trust Corporation Declares Quarterly Cash Dividend on Common Stock and Series C Non-Cumulative Perpetual Preferred Stock, Payable on July 1, 2015
Apr 22 15
Northern Trust Corporation has declared a quarterly cash dividend of $0.36 per share on its common stock, payable on July 1, 2015 to stockholders of record on June 5, 2015. The dividend represents a 9% increase from the prior quarterly rate of $0.33 per share, and will result in an expected annual dividend rate of $1.44, compared with the prior annual rate of $1.32.
In addition to the common stock dividend, the company also announced that its board of directors has declared a quarterly cash dividend of $365.625 per share of 5.85% Series C non-cumulative perpetual preferred stock (resulting in a distribution of $0.365625 per depositary share) payable on July 1, 2015 to stockholders of record on June 15, 2015.
Northern Trust Corporation Reports Earnings Results for the First Quarter of 2015
Apr 21 15
Northern Trust Corporation reported earnings results for the first quarter of 2015. For the quarter, the company reported income before income taxes of $350.0 million against $269.5 million for the same period a year ago. Net income of $230.7 million or $0.94 diluted per share against $181.4 million or $0.75 diluted per share for the same period a year ago. Total revenue was $1,134.5 million against $1,040.5 million for the same period a year ago. Return on average common equity was 11.28% against 9.28% for the same period a year ago. Return on average assets were 0.87% against 0.73% for the same period a year ago.
Northern Trust Announces Executive Appointment
Apr 17 15
Northern Trust announced it has established an asset management sales and client servicing team in its Melbourne, Australia, office to offer its full range of customizable asset management solutions to institutional investors across Australia and New Zealand. To support Northern Trust Asset Management's expansion across Australia, it has appointed sales representative, reporting to Bert Rebelo, head of business development for Northern Trust Asset Management in Australia and New Zealand. Senior institutional sales manager, Shane Teunissenfocuses on sales activities and client services for Northern Trust's asset management business in Australia and New Zealand. He joins from BlackRock in Melbourne where he was most recently vice president. He has more than 14 years of industry experience working across Australia and
Northern Trust Corporation Presents at The 9th Annual FundForum Asia 2015, Apr-15-2015 10:15 AM
Apr 9 15
Northern Trust Corporation Presents at The 9th Annual FundForum Asia 2015, Apr-15-2015 10:15 AM. Venue: JW Marriott Hong Kong, Hong Kong, China. Speakers: Bo Kratz, Managing Director of Asset Management for Asia-Pacific.
Nunavut Trust Selects Northern Trust Corporation as Global Custodian
Apr 1 15
Nunavut Trust has selected Northern Trust Corporation as global custodian for its CAD 1.6 billion in assets. Northern Trust will also provide cash management, securities lending, ex-ante predictive risk analytics, foreign exchange, class action processing, and alternative asset accounting services to the Trust.