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 October 1, 2019, to holders of record at 5:00 p.m., Chicago time, on September 13, 2019. The dividend represents an increase of approximately 17 percent from the prior quarterly rate of $0.60 per share, and results in an annualized dividend rate of $2.80, compared with the prior annualized rate of $2.40.

Northern Trust Corporation also declared cash dividends of $365.625 per share of its Series C non-cumulative perpetual preferred stock (resulting in a distribution of $0.365625 per depositary share), and $2,300.00 per share of its Series D cumulative perpetual preferred stock (resulting in a distribution of $23.00 per depositary share), each payable on October 1, 2019, to holders of record at 5:00 p.m., Chicago time, on September 15, 2019.

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 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2019, Northern Trust had assets under custody/administration of US$10.9 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190723005961/en/