Morgan Stanley Sets Dividend on 2 Series of Preferreds

Investment banking giant Morgan Stanley announced yesterday its regular second-quarter dividend on two series of preferred stock. 

For its Series A floating rate non-cumulative preferred stock, a dividend of $252.78 per share will be paid, which is equivalent to $0.25278 per depositary share. The shares trade on the NYSE under the symbol MS.PRA. For Morgan Stanley's 10% Series C non-cumulative, non-voting perpetual preferred stock, a dividend of $25.00 per share will be paid.

The board of directors said the quarterly dividend for both series of preferred shares is payable on July 15 to the holders of record at the close of business on June 28. 


Morgan Stanley also pays a regular dividend on its common stock that equates to a $0.20-per-share annual dividend, yielding 0.7% based on the closing price of its stock on June 10.

The article Morgan Stanley Sets Dividend on 2 Series of Preferreds originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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