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Stock Market & Financial Investment News

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March 14, 2013
17:54 EDTNTRSNorthern Trust received no objection to capital actions from Federal Reserve
Northern Trust announced that it received no objections from the Federal Reserve to the proposed capital actions contained in its 2013 Capital Plan. Northern Trust's Capital Plan requested authority to increase its quarterly common stock dividend to 31c per share from 30c per share, effective in the Q2. In addition, Northern Trust's Capital Plan provides for the repurchase of up to $400M of its common stock through the open market or in privately negotiated transactions between April 2013 and March 2014.
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