Northern Trust Holds Dividend at $0.88, Approves $3.5 Billion Buyback

Northern Trust Corporation kept its quarterly common dividend at $0.88 per share and approved a $3.5 billion buyback, extending shareholder returns while setting its next repurchase program.

The common dividend is payable Jan. 1, 2027, to shareholders of record Dec. 4, 2026. The payout remains at the rate Northern Trust set in July.

The new authorization allows the company to repurchase up to $3.5 billion in common stock. It will take effect after Northern Trust completes its existing $2.5 billion repurchase program, which was approved in July 2025.

Northern Trust also declared a $0.29375 dividend per Series E preferred depositary share. That payment is scheduled for Jan. 1, 2027, for holders of record Dec. 15, 2026.