Northern Trust Corporation (NASDAQ:NTRS) will begin trading ex-dividend on December 10, 2020. The quarterly dividend payment of $ 0.70 per share is scheduled to be paid on January 1, 2021. The dividend yield based on the latest trading day closing price was 2.96 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 10, 2020.
Dividends History
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Northern Trust Corporation recently reported second quarter financial results on July 22, 2020, before market open, asset management services provider communicated income for the second quarter of $ 1.46 per share, from the revenue of $ 1,506.00 million. The quarterly earnings shrunk 16.57 percent while revenues reduced 0.04 percent compared with the same quarter last year.
Wall street analysts are predicting, NTRS to report 2Q20 income of $ 1.37 per share from revenue of $ 1485.83 million. The bottom line results beat street analysts by $ 0.09 or 6.57 percent, at the same time, top line results outshined analysts by $ 20.17 million or 1.36 percent.
Stock Performance
Shares of Northern Trust Corporation traded up $ 0.21 or 0.22 percent on Tuesday, reaching $ 94.63 with volume of 629.20 thousand shares. Northern Trust Corporation has traded high as $ 94.83 and has cracked $ 93.22 on the downward trend
According to the previous trading day, closing price of $ 94.63, representing a 55.63 % increase from the 52 week low of $ 60.67 and a 14.54 % decrease over the 52 week high of $ 110.48.
The company has a market capital of $ 19.69 billion and is part of the Financial Services sector and Asset Management industry.
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management. The C&IS segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.
