SmarterDividends
NTRS

Northern Trust Corporation

NTRS

Financial Services · Asset Management · Stock · quarterly payer

$165.82

Fairly valued · +4% Add to Portfolio

Forward Yield

2.12%

Annual Dividend

$3.28

Payout Ratio

27%

5-Yr Growth

2.1%

Ex-Date

Dec 4, 2026

Frequency

Quarterly

Key facts about NTRS's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 23, 2026, Northern Trust Corporation (NTRS) has a forward dividend yield of 2.12%, based on an annual dividend of $3.28 per share and a share price of $165.82.
  • As of Oct 23, 2026, NTRS's dividend safety grade from SmarterDividends is A (94 out of 100), which rates the dividend as very safe.
  • NTRS last cut its regular dividend in 1991.
  • NTRS's next ex-dividend date is Dec 4, 2026, with payment on Jan 1, 2027. Shares must be owned before that date to receive the dividend.
  • As of Oct 23, 2026, NTRS pays out 27% of its trailing 12-month earnings as dividends (its payout ratio).
  • NTRS's dividend has grown at an average rate of 2.1% a year over the past five years.
  • As of Oct 23, 2026, NTRS's 2.12% yield is 30% below its five-year average yield of 3.01%.
  • As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for NTRS is $172.36 per share, 4% above the $165.82 share price, so NTRS screens as fairly valued.
  • Northern Trust Corporation (NTRS) pays its dividend quarterly, 4 times a year.
  • Northern Trust Corporation (NTRS) has raised its regular dividend 34 times and cut it 1 time across the 160 payments on record since 1986. Its most recent change was a 10.0% increase to $0.880 per share, going ex-dividend on Sep 4, 2026. The last cut went ex-dividend on Mar 7, 1996.
Cite this page

SmarterDividends, "NTRS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/NTRS

Summary

As of Oct 23, 2026, Northern Trust Corporation (NTRS) yields 2.12% ($3.28 a year per share) and has a dividend safety grade of A (94/100).

Is NTRS a good dividend stock?

Yes

Northern Trust Corporation (NTRS) pays a quarterly dividend yielding 2.12% ($3.28/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (27%)
  • 43% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 1991

Key Data

Dividend Yield
2.12%
Payout Ratio
27%
Annual Dividend
$3.28
5-Yr Avg Growth
2.1%
Ex-Dividend Date
Dec 4, 2026
Years of Growth
1
Frequency
quarterly
Beta
—
Market Cap
$30.3B
P/E Ratio
13.1
5-Yr Total Return
43%
52-Week Range
$121.53 – $195.78
Dividend Safety
A · 94/100
Ever Cut?
Yes (1991)

NTRS dividend raises and cuts

Northern Trust Corporation (NTRS) has raised its regular dividend 34 times and cut it 1 time across the 160 payments on record since 1986. Its most recent change was a 10.0% increase to $0.880 per share, going ex-dividend on Sep 4, 2026. The last cut went ex-dividend on Mar 7, 1996.

Ex-dateChangeOld → newMove
Sep 4, 2026Raise$0.800 → $0.880+10.0%
Sep 5, 2025Raise$0.750 → $0.800+6.7%
Sep 8, 2022Raise$0.700 → $0.750+7.1%
Sep 12, 2019Raise$0.600 → $0.700+16.7%
Mar 7, 2019Raise$0.550 → $0.600+9.1%
Sep 13, 2018Raise$0.420 → $0.550+31.0%
Aug 30, 2017Raise$0.380 → $0.420+10.5%
Aug 31, 2016Raise$0.360 → $0.380+5.6%
Jun 3, 2015Raise$0.330 → $0.360+9.1%
Jun 4, 2014Raise$0.310 → $0.330+6.5%
Jun 5, 2013Raise$0.300 → $0.310+3.3%
Jun 6, 2012Raise$0.280 → $0.300+7.1%
Show all 35 changes since 1987
Ex-dateChangeOld → newMove
Dec 6, 2007Raise$0.250 → $0.280+12.0%
Dec 6, 2006Raise$0.230 → $0.250+8.7%
Dec 7, 2005Raise$0.210 → $0.230+9.5%
Dec 8, 2004Raise$0.190 → $0.210+10.5%
Dec 8, 2003Raise$0.170 → $0.190+11.8%
Dec 6, 2001Raise$0.155 → $0.170+9.7%
Dec 6, 2000Raise$0.135 → $0.155+14.8%
Mar 8, 2000Raise$0.120 → $0.135+12.5%
Jun 8, 1999Raise$0.105 → $0.120+14.3%
Dec 8, 1997Raise$0.0900 → $0.105+16.7%
Dec 6, 1996Raise$0.0775 → $0.0900+16.1%
Jun 6, 1996Raise$0.0763 → $0.0775+1.6%
Mar 7, 1996Cut$0.0775 → $0.0763−1.6%
Dec 6, 1995Raise$0.0650 → $0.0775+19.2%
Dec 5, 1994Raise$0.0550 → $0.0650+18.2%
Dec 6, 1993Raise$0.0463 → $0.0550+18.9%
Mar 4, 1993Raise$0.0462 → $0.0463+0.2%
Dec 4, 1992Raise$0.0400 → $0.0462+15.4%
Dec 4, 1991Raise$0.0350 → $0.0400+14.3%
Dec 4, 1990Raise$0.0317 → $0.0350+10.5%
Dec 5, 1989Raise$0.0258 → $0.0317+22.6%
Dec 5, 1988Raise$0.0208 → $0.0258+24.0%
Dec 4, 1987Raise$0.0192 → $0.0208+8.7%
Every NTRS payment →Download every raise and cut (CSV)
NTRS ex-dividend date & scheduleNext ex-date Dec 4, 2026 · full ex-dividend historyView →NTRS dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NTRS a good dividend stock?

Yes. Northern Trust Corporation (NTRS) pays a quarterly dividend yielding 2.12% ($3.28/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is NTRS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NTRS's fair value is about $172.36 versus a $165.82 share price — so it looks fairly valued (+4% vs. fair value).

Is NTRS's dividend safe?

NTRS has a dividend-safety grade of A (94/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 1991, debt and yield-versus-history.

What is NTRS's fair value?

Our blended fair-value estimate for NTRS is about $172.36 per share, roughly 4% above the current $165.82 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NTRS a buy, hold, or sell?

We don't issue formal ratings, but on the data NTRS screens as "yes" and fairly valued. Northern Trust Corporation (NTRS) pays a quarterly dividend yielding 2.12% ($3.28/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will NTRS cut its dividend?

NTRS earns a dividend-safety grade of A (94/100), and has cut its dividend before (last in 1991). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NTRS pay a dividend?

Yes. Northern Trust Corporation pays a quarterly dividend of about $3.28 per share annually, a forward yield of roughly 2.12%.

What is NTRS's dividend yield?

As of Oct 23, 2026, NTRS's forward dividend yield is 2.12%, based on a $3.28 annual dividend and a $165.82 share price.

What is NTRS's dividend per share?

As of Oct 23, 2026, NTRS pays $3.28 per share per year, distributed on a quarterly basis.

What is NTRS's dividend payout ratio?

As of Oct 23, 2026, NTRS's payout ratio is 27% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NTRS grown its dividend?

As of Oct 23, 2026, NTRS has increased its dividend for 1 consecutive years.

When is the next NTRS ex-dividend date?

As of Oct 23, 2026, the next ex-dividend date on record for NTRS is Dec 4, 2026.

NTRS Dividend News

NTRS
IncreaseNTRS·Sep 5, 2026

Northern Trust Raises Quarterly Dividend 10.0% to $0.88

Northern Trust lifts its quarterly payout to $0.88, backed by a 27% earnings payout ratio and a very safe A dividend safety grade from SmarterDividends.

Income Calculator

At $3.28 / yr per share

Per payment (quarterly)$82.00
Annual$328.00
Monthly avg$27.33

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