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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Morgan Stanley (MS) pays a $4.15 annual dividend ($1.15 quarterly), yielding 2.05% at $202.52/share. Next ex-dividend date 2026-07-31. 15 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.05%
Annual Dividend: $4.15 per share
Payout Ratio: 33.5%
Ex-Dividend Date: 2026-07-31
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 34
Morgan Stanley dividend income comes from one of the world's largest financial holding companies, built around three divisions: Institutional Securities, Wealth Management, and Investment Management. The current yield is 2.05%, with a trailing annual dividend rate of $4.15 per share paid quarterly. The next ex-dividend date is July 31, 2026. With a beta of 1.207, MS stock carries above-average market sensitivity, making it a better fit for dividend investors who can tolerate price swings in exchange for a growing payout.
Morgan Stanley pays out 33.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings soften, supported by a diversified revenue base spanning institutional securities, wealth management, and investment management across global markets. Morgan Stanley dividend safety faces its main test from market-sensitive revenue: capital markets activity, trading volumes, and advisory fees all fluctuate with economic conditions, which can compress earnings quickly.
Morgan Stanley dividend history shows a CAGR of 23.5% per year from 2011 to 2025. The per-share dividend grew from $0.20 to $3.85 over that window (2026 is a partial year and excluded from the growth calculation). The largest single-year increase was 75.0% in 2014, and MS has now raised its dividend for 15 consecutive years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +9.3% | $2.95 (2022) | $3.85 (2025) |
| 5-Year | +22.4% | $1.40 (2020) | $3.85 (2025) |
| 10-Year | +21.5% | $0.55 (2015) | $3.85 (2025) |
MS stock fits dividend investors who want a growing payout from a diversified financial services business rather than maximum current income. The yield sits in the moderate (2–4%) range at 2.05%, which is above the stock's own 5-year average yield of 1.55%, so buyers today are getting more income than the historical norm. The 33.5% payout ratio keeps the dividend well-covered. The trade-off is clear: a beta of 1.207 means the stock price moves more than the broader market, and the dividend's growth has been the real story, not the starting yield.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-31 | $1.1500 |
| 2026-04-30 | $1.0000 |
| 2026-01-30 | $1.0000 |
| 2025-10-31 | $1.0000 |
| 2025-07-31 | $1.0000 |
| 2025-04-30 | $0.9250 |
| 2025-01-31 | $0.9250 |
| 2024-10-31 | $0.9250 |
| 2024-07-31 | $0.9250 |
| 2024-04-29 | $0.8500 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.1500 |
| 2025 | $3.8500 |
| 2024 | $3.5500 |
| 2023 | $3.2500 |
| 2022 | $2.9500 |
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