Northern Trust Corp (NTRS) will raise its quarterly dividend by 9.1 percent to $0.60 per share in 2019. This marks the 8th consecutive year of dividend increases by NTRS.

The increased dividend is payable on April 1, 2019, to holders of record at 5:00 p.m., Chicago time, on March 8, 2019. A new annualized dividend rate of $2.40 per share yields 2.7% at a stock price of $89.37.

Northern Trust Corporation is a 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 The United States, Canada, Europe, the Middle East and the Asia-Pacific region.