NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that the Board of Governors of the Federal Reserve System did not object to the Firm’s 2019 Capital Plan. The capital plan includes the repurchase of up to $6.0 billion of outstanding common stock for the four quarters, beginning in the third quarter of 2019 through the end of the second quarter of 2020, an increase from $4.7 billion for the comparable four quarter period in the 2018 Capital Plan, as well as an increase in the Firm’s quarterly common stock dividend to $0.35 per share from the current $0.30 per share, beginning with the common dividend expected to be declared by the Firm’s Board of Directors in the third quarter of 2019.
James Gorman, Chairman and Chief Executive Officer of Morgan Stanley, said, “We are very pleased to have increased our capital return to shareholders by over 20 percent – including increasing the dividend for the sixth consecutive year – while also completing the acquisition of Solium. Our 2019 Capital Plan reflects the strength and stability of our franchise, and supports our continued ability to invest for future growth.”
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