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NTRSO Northern Trust Corporation ADRs of 4.7% Series E Non-Cumulative Perpetual Preferred

Dividends on the Series E Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of the board, will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, at a rate per annum equal to 4.70%. Dividends will be payable in arrears on the 1st day of January, April, July and October of each year, commencing on April 1, 2020. The Series E Preferred Stock may be redeemed at our option in whole, or in part, on any dividend payment date on or after January 1, 2025 at a redemption price equal to $25 per depositary share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends.   This security was issued by Northern Trust Corporation, whose common stock symbol is NTRS.

$21.86  +0.41 (1.91%)
As of 03/27/2023 11:10:34 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Asset Management
Index country:  USA
Country of incorporation:  USA
IPO date:  11/27/2019
Outstanding shares:  16,000,000
Average volume:  35,101
Market cap:   $340,000,000
Current dividend yield:  5.53%    calculation
Coupon rate:    4.700%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   01/01/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BKFVZR9

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