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Get filing alertsMorgan Stanley raises dividend 15% to $1.15/share, authorizes $20B buyback program
Filed June 24, 2026 · Period ending June 24, 2026 · ~1 min read
Key Changes
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high
Quarterly dividend increased 15% to $1.15 per share from $1.00, effective Q3 2026, reflecting strong capital position and commitment to shareholder returns.
Item 8.01 — Other Events verify on EDGAR → -
high
Board authorized new $20 billion multi-year share repurchase program with no expiration date, starting Q3 2026, to be executed opportunistically based on market conditions.
Item 8.01 — Other Events verify on EDGAR → -
medium
Federal Reserve's CCAR 2026 results left Stress Capital Buffer unchanged at 4.3% through October 2027; firm's CET1 ratio of 15.1% significantly exceeds 11.8% regulatory requirement.
Item 8.01 — Other Events verify on EDGAR →
Summary
Morgan Stanley announced a substantial increase in capital returns to shareholders, raising its quarterly dividend by 15% to $1.15 per share and authorizing a new $20 billion share repurchase program. Both initiatives begin in the third quarter of 2026, with the buyback program carrying no expiration date and providing management flexibility to execute opportunistically. The enhanced capital return is supported by the firm's robust regulatory capital position.
Morgan Stanley's Common Equity Tier 1 ratio stood at 15.1% as of March 31, 2026, well above the 11.8% regulatory requirement. The Federal Reserve's recent CCAR 2026 stress test results confirmed the firm's Stress Capital Buffer will remain at 4.3% through October 2027, providing regulatory clarity through the next year. The combination of a double-digit dividend increase and substantial buyback authorization signals management confidence in the firm's earnings power and capital generation capacity.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Morgan Stanley raises quarterly dividend 15% to $1.15/share and authorizes $20B share repurchase program starting Q3 2026.
Added in current filing · verify on EDGAR →
On June 24, 2026, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) published summary results of its 2026 supervisory stress tests, which do not impact the Company’s Stress Capital Buffer (“SCB”) requirement. On February 4, 2026, the Federal Reserve announced that it expects the Company will continue to be subject to its current SCB requirement of 4.3% until October 1, 2027, at which time a new SCB requirement may apply based on the results of the supervisory stress test conducted in 2027.
The Federal Reserve released 2026 stress test results that do not change Morgan Stanley's Stress Capital Buffer requirement. The company will maintain its current 4.3% SCB through October 1, 2027, providing regulatory clarity that supports the announced capital return plans.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 24, 2026 · How we verify