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Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

January 21, 2020 GMT

CHICAGO--(BUSINESS WIRE)--Jan 21, 2020--

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.70 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2020, to holders of record at 5:00 p.m., Chicago time, on March 13, 2020.

Northern Trust Corporation also declared cash dividends of $2,300.00 per share of its Series D non-cumulative perpetual preferred stock (resulting in a distribution of $23.00 per depositary share), and $476.5278 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.4765278 per depositary share), each payable on April 1, 2020, to holders of record at 5:00 p.m., Chicago time, on March 15, 2020. The initial dividend payment on the Series E preferred stock covers the period from the date of issuance of such stock, November 5, 2019, through March 31, 2020. If and when declared, future dividends on the Series E preferred stock will be payable on a quarterly basis.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 21 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2019, Northern Trust had assets under custody/administration of US $11.6 trillion, and assets under management of US $1.2 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200121006070/en/

CONTACT: Investor Relations:

Mark Bette

312-444-2301

Mark.Bette@ntrs.comMedia Contact:

Doug Holt

312-557-1571

Doug.Holt@ntrs.com

http://www.northerntrust.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: BANKING OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES FINANCE

SOURCE: Northern Trust Corporation

Copyright Business Wire 2020.

PUB: 01/21/2020 04:30 PM/DISC: 01/21/2020 04:30 PM

http://www.businesswire.com/news/home/20200121006070/en