Northern Trust Corporation issued the following announcement on July 17.

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.55 per share on its common stock ($1.66-2/3 par value), payable on October 1, 2018, to holders of record at 5:00 p.m., Chicago time, on September 14, 2018. The dividend represents a more than 30 percent increase from the prior quarterly rate of $0.42 per share, and results in an annualized dividend rate of $2.20, compared with the prior annualized rate of $1.68. Northern Trust Corporation also declared cash dividends of $365.625 per share of its Series C non-cumulative perpetual preferred stock (resulting in a distribution of $0.365625 per depositary share), and $2,300.00 per share of its Series D cumulative perpetual preferred stock (resulting in a distribution of $23.00 per depositary share), each payable on October 1, 2018, to holders of record at 5:00 p.m. Chicago time on September 15, 2018.

Northern Trust announced that its Board of Directors has approved a new common stock repurchase authorization of up to 25 million shares. The new repurchase authorization replaces the authorization approved in July 2017. The timing and amount of shares repurchased under the new repurchase authorization will depend on various factors, including, but not limited to, Northern Trust’s business plans, financial performance, other investment opportunities and general market conditions, including share price.

Original source: https://m.northerntrust.com/news-financial-statement/press-release?c=2d34d1f066ae07b0a6669568edfb92e2