Morgan stanley announces 7.5 cents dividend increase and authorization of a renewed $20 billion multi-year common equity share repurchase program

New york--(business wire)--morgan stanley (nyse: ms) announced that it will increase its quarterly common stock dividend to $0.85 per share from the current $0.775 per share, beginning with the common stock dividend expected to be declared by the firm's board of directors in the third quarter of 2023. in addition, the firm's board of directors reauthorized a multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2.
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