Northern Trust Corporation
NTRSFinancial Services · Stock · quarterly payer
Forward Yield
1.75%
Annual Dividend
$3.28
Payout Ratio
27%
5-Yr Growth
2.1%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Summary
As of September 2026, Northern Trust Corporation (NTRS) yields 1.75% ($3.28 per share annually), with a blended fair-value estimate of $260.17 — +39% upside, so it screens as undervalued. Dividend safety grade: A (94/100). 1 years of dividend growth.
Is NTRS a good dividend stock?
YesNorthern Trust Corporation (NTRS) pays a quarterly dividend yielding 1.75% ($3.28/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (27%)
- 73% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1991
Key Data
- Dividend Yield
- 1.75%
- Payout Ratio
- 27%
- Annual Dividend
- $3.28
- 5-Yr Avg Growth
- 2.1%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.26
- Market Cap
- $34.1B
- P/E Ratio
- 16.0
- 5-Yr Total Return
- 73%
- 52-Week Range
- $121.12 – $195.78
- Dividend Safety
- A · 94/100
- Ever Cut?
- Yes (1991)
Frequently Asked Questions
NTRS Price — Last 12 Months
Daily close
Price Return
1 Year
+39%
3 Years
+169%
5 Years
+73%
52-Week Range
$121.12 – $195.78
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NTRS worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Northern Trust Corporation is $260.17 per share, versus a market price of $186.63. That implies 39% of upside — a margin of safety of about 28%.
Fair Value
$260.17
Current Price
$186.63
Upside
+39%
Margin of Safety
28%
How we get there
Discounted cash flow
Discounts projected free cash flow 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 3.8% annual free-cash-flow growth. We model 9.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.6% discount rate (CAPM), 9.3% stage-1 growth, 2.5% terminal growth, $11.64 EPS, $3.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NTRS 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 |
|---|---|---|---|
| Sep 4, 2026 | — | $0.8800 | regular |
| Jun 5, 2026 | — | $0.8000 | regular |
| Mar 6, 2026 | — | $0.8000 | regular |
| Dec 5, 2025 | — | $0.8000 | regular |
| Sep 5, 2025 | — | $0.8000 | regular |
| Jun 6, 2025 | — | $0.7500 | regular |
| Mar 14, 2025 | — | $0.7500 | regular |
| Dec 6, 2024 | — | $0.7500 | regular |
| Sep 6, 2024 | — | $0.7500 | regular |
| Jun 7, 2024 | — | $0.7500 | regular |
| Mar 7, 2024 | — | $0.7500 | regular |
| Dec 7, 2023 | — | $0.7500 | regular |
| Sep 7, 2023 | — | $0.7500 | regular |
| Jun 8, 2023 | — | $0.7500 | regular |
Income Calculator
At $3.28 / yr per share
