Morgan stanley announces 11% dividend increase and authorization of a $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 $0.775 per share from the current $0.70 per share, beginning with the common dividend expected to be declared by the firm's board of directors in the third quarter of 2022. in addition, the firm's board of directors authorized a new multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2022.
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