Morgan Stanley
MSFinancial Services · Stock · quarterly payer
Forward Yield
2.11%
Annual Dividend
$4.60
Payout Ratio
32%
5-Yr Growth
22.4%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Morgan Stanley (MS) yields 2.11% ($4.60 per share annually), with a blended fair-value estimate of $285.06 — +31% upside, so it screens as undervalued. Dividend safety grade: A (82/100). 12 years of dividend growth.
Is MS a good dividend stock?
YesMorgan Stanley (MS) pays a quarterly dividend yielding 2.11% ($4.60/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Comfortable payout ratio (32%)
- Strong 22.4% 5-yr dividend growth
- 124% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 2.11%
- Payout Ratio
- 32%
- Annual Dividend
- $4.60
- 5-Yr Avg Growth
- 22.4%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 1.21
- Market Cap
- $341.9B
- P/E Ratio
- 17.6
- 5-Yr Total Return
- 124%
- 52-Week Range
- $147.25 – $232.25
- Dividend Safety
- A · 82/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
MS Price — Last 12 Months
Daily close
Price Return
1 Year
+37%
3 Years
+167%
5 Years
+124%
52-Week Range
$147.25 – $232.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MS worth?
Undervaluedlow confidenceOur blended fair-value estimate for Morgan Stanley is $285.06 per share, versus a market price of $217.72. That implies 31% of upside — a margin of safety of about 24%.
Fair Value
$285.06
Current Price
$217.72
Upside
+31%
Margin of Safety
24%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 6.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.3% discount rate (CAPM), 6.0% stage-1 growth, 2.5% terminal growth, $12.39 EPS, $4.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 31, 2026 | — | $1.1500 | regular |
| Apr 30, 2026 | — | $1.0000 | regular |
| Jan 30, 2026 | — | $1.0000 | regular |
| Oct 31, 2025 | — | $1.0000 | regular |
| Jul 31, 2025 | — | $1.0000 | regular |
| Apr 30, 2025 | — | $0.9250 | regular |
| Jan 31, 2025 | — | $0.9250 | regular |
| Oct 31, 2024 | — | $0.9250 | regular |
| Jul 31, 2024 | — | $0.9250 | regular |
| Apr 29, 2024 | — | $0.8500 | regular |
| Jan 30, 2024 | — | $0.8500 | regular |
| Oct 30, 2023 | — | $0.8500 | regular |
| Jul 28, 2023 | — | $0.8500 | regular |
| Apr 28, 2023 | — | $0.7750 | regular |
Income Calculator
At $4.60 / yr per share
