Northern Trust Corporation's board authorized up to $3.5 billion in additional share repurchases after the company returned $514.2 million to common shareholders in the third quarter, extending its shareholder payout plans.
Northern Trust must complete its July 2025 repurchase program, capped at $2.5 billion, before the latest authority begins. The company gave no completion date. The $3.5 billion authorization sets an upper limit for future purchases.
Northern Trust reported that dividends and repurchases together returned $514.2 million to common shareholders in the third quarter. Repurchases accounted for $352.3 million, according to its Oct. 21 earnings release. The company cited its strong capital position in explaining its plans for shareholder returns.
The quarterly common dividend remains $0.88 per share, matching the rate set in July 2026. Northern Trust said its purchase pace will reflect its finances, business plans, investment opportunities and market conditions, including its share price.
Common shareholders of record Dec. 4, 2026, are scheduled to receive the dividend Jan. 1, 2027. Northern Trust also declared $0.29375 per Series E preferred depository share, equivalent to $293.75 per preferred share. The Series E record date is Dec. 15, 2026, with payment set for Jan. 1, 2027.
