Morgan Stanley Raises Dividend to $1.15; Reauthorizes $20B Buyback
Morgan Stanley announced an increase in its quarterly common stock dividend to $1.15 per share, up from $1.00 per share, effective in the third quarter of 2026. Concurrently, the Board reauthorized a multi-year common equity share repurchase program of up to $20 billion, with no set expiration date. The company also confirmed that the Federal Reserve's 2026 stress test results do not impact its current Stress Capital Buffer (SCB) requirement of 4.3%, which is expected to remain until October 2027.
Key Highlights
- Quarterly common stock dividend increased to $1.15 per share from $1.00 per share, a 15% increase.
- Board reauthorized a multi-year common equity share repurchase program of up to $20 billion.
- Share repurchase program has no set expiration date and begins in the third quarter of 2026.
- Federal Reserve's 2026 supervisory stress tests do not impact the company's Stress Capital Buffer (SCB) requirement.
- Company expects to maintain its current SCB requirement of 4.3% until October 1, 2027.
- Firm's U.S. Basel III Standardized Approach CET1 ratio was 15.1% as of March 31, 2026.
Price Impact
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