Morgan Stanley will increase its quarterly common stock dividend to $1.15 per share from $1.00 per share, beginning in the third quarter of 2026. The firm's board also reauthorized a multi-year common equity share repurchase program of up to $20 billion without a set expiration date, starting in the third quarter of 2026. Chairman and CEO Ted Pick said the firm's financial strength provides flexibility to invest in growth while increasing capital returns to shareholders. The Federal Reserve's 2026 CCAR results did not impact Morgan Stanley's Stress Capital Buffer requirement, which remains at 4.3% until at least October 1, 2027, resulting in an aggregate U.S. Basel III Standardized Approach CET1 ratio requirement of 11.8%. As of March 31, 2026, the firm's actual CET1 ratio under that approach was 15.1%.
Morgan StanleyMorgan Stanley raises dividend and authorizes $20B buyback, directly returning capital to shareholders.