Morgan stanley announces 100% increase of its quarterly dividend from $0.35 to $0.70 per share and authorization of the repurchase of up to $12 billion of common stock over the next 12 months

New york--(business wire)--morgan stanley (nyse: ms) announced that it will double its quarterly common stock dividend to $0.70 per share from the current $0.35 per share, beginning with the common dividend expected to be declared by the firm's board of directors in the third quarter of 2021. in addition, the firm announced a new increased repurchase authorization of outstanding common stock of up to $12 billion through june 30, 2022. james p. gorman, chairman and chief executive officer of mor
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