Morgan Stanley (MS) Dividend History & Yield
Dividend ChallengerMorgan Stanley (MS) has increased its dividend for 5 consecutive years and currently yields 2.02%. The most recent dividend was $1.0000/share on May 15, 2026, paid Quarterly.
Current Yield
2.02%
TTM Dividend/Share
$4.00
Payment Frequency
Quarterly
Payout Ratio
36.4%
Consecutive Growth Years
5 (Dividend Challenger)
Div Growth (1Y CAGR)
8.45%
Div Growth (5Y CAGR)
-7.38%
Div Growth (10Y CAGR)
21.48%
MS: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
-5.4%
FCF payout ratio
14.3%
Net debt / EBITDA
9.6x
Interest coverage
0.47x
ROIC (TTM)
10.6%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 36.4%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($29.34) covers dividend/share ($4.00).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 14.3%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 9.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (-7.4%) ≤ EPS growth (13.9%) — sustainable.
Per-payment dividend history
Ex-date Apr 30, 2026
- Payment date
- May 15, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Jan 30, 2026
- Payment date
- Feb 13, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Oct 31, 2025
- Payment date
- Nov 14, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Jul 31, 2025
- Payment date
- Aug 15, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Apr 30, 2025
- Payment date
- May 15, 2025
- Dividend
- $0.9250
- Adj. dividend
- $0.9250
Ex-date Jan 31, 2025
- Payment date
- Feb 14, 2025
- Dividend
- $0.9250
- Adj. dividend
- $0.9250
Ex-date Oct 31, 2024
- Payment date
- Nov 15, 2024
- Dividend
- $0.9250
- Adj. dividend
- $0.9250
Ex-date Jul 31, 2024
- Payment date
- Aug 15, 2024
- Dividend
- $0.9250
- Adj. dividend
- $0.9250
Ex-date Apr 29, 2024
- Payment date
- May 15, 2024
- Dividend
- $0.8500
- Adj. dividend
- $0.8500
Ex-date Jan 30, 2024
- Payment date
- Feb 15, 2024
- Dividend
- $0.8500
- Adj. dividend
- $0.8500
Ex-date Oct 30, 2023
- Payment date
- Nov 15, 2023
- Dividend
- $0.8500
- Adj. dividend
- $0.8500
Ex-date Jul 28, 2023
- Payment date
- Aug 15, 2023
- Dividend
- $0.8500
- Adj. dividend
- $0.8500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 30, 2026 | May 15, 2026 | $1.0000 | $1.0000 |
| Jan 30, 2026 | Feb 13, 2026 | $1.0000 | $1.0000 |
| Oct 31, 2025 | Nov 14, 2025 | $1.0000 | $1.0000 |
| Jul 31, 2025 | Aug 15, 2025 | $1.0000 | $1.0000 |
| Apr 30, 2025 | May 15, 2025 | $0.9250 | $0.9250 |
| Jan 31, 2025 | Feb 14, 2025 | $0.9250 | $0.9250 |
| Oct 31, 2024 | Nov 15, 2024 | $0.9250 | $0.9250 |
| Jul 31, 2024 | Aug 15, 2024 | $0.9250 | $0.9250 |
| Apr 29, 2024 | May 15, 2024 | $0.8500 | $0.8500 |
| Jan 30, 2024 | Feb 15, 2024 | $0.8500 | $0.8500 |
| Oct 30, 2023 | Nov 15, 2023 | $0.8500 | $0.8500 |
| Jul 28, 2023 | Aug 15, 2023 | $0.8500 | $0.8500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Morgan Stanley has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 5 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.8500 | — | — |
| 2025 | $3.5500 | $3.8500 | +8.5% |
| 2024 | $3.2500 | $3.5500 | +9.2% |
| 2023 | $2.9500 | $3.2500 | +10.2% |
| 2022 | $2.1000 | $2.9500 | +40.5% |
| 2021 | $5.6500 | $2.1000 | -62.8% |
| 2020 | $1.3000 | $5.6500 | +334.6% |
| 2019 | $1.1000 | $1.3000 | +18.2% |
| 2018 | $0.9000 | $1.1000 | +22.2% |
| 2017 | $0.7000 | $0.9000 | +28.6% |
| 2016 | $0.5500 | $0.7000 | +27.3% |
| 2015 | $0.3500 | $0.5500 | +57.1% |
| 2014 | $0.2000 | $0.3500 | +75.0% |
| 2013 | $0.2000 | $0.2000 | 0.0% |
| 2012 | $0.2000 | $0.2000 | 0.0% |
| 2011 | $0.2000 | $0.2000 | 0.0% |
| 2010 | $0.4367 | $0.2000 | -54.2% |
| 2009 | $1.0800 | $0.4367 | -59.6% |
| 2008 | $1.0800 | $1.0800 | 0.0% |
| 2007 | $1.0800 | $1.0800 | 0.0% |
| 2006 | $1.0800 | $1.0800 | 0.0% |
| 2005 | $1.0000 | $1.0800 | +8.0% |
| 2004 | $0.9200 | $1.0000 | +8.7% |
| 2003 | $0.9200 | $0.9200 | 0.0% |
| 2002 | $0.9200 | $0.9200 | 0.0% |
| 2001 | $0.8000 | $0.9200 | +15.0% |
| 2000 | $0.4800 | $0.8000 | +66.7% |
| 1999 | $0.4000 | $0.4800 | +20.0% |
| 1998 | $0.2800 | $0.4000 | +42.9% |
| 1997 | $0.2200 | $0.2800 | +27.3% |
| 1996 | $0.1600 | $0.2200 | +37.5% |
| 1995 | $0.1688 | $0.1600 | -5.2% |
| 1994 | — | $0.1688 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Morgan Stanley (MS) from the consolidated cash flow statement, in USD as filed.
Latest period
$6.68B
YoY change
+7.4%
5Y CAGR
+19.2%
Peak year (2025)
$6.59B
Latest annual
$6.59B
Cash dividends paid over time for Morgan Stanley (MS)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Morgan Stanley (MS)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $6.59B | +7.4% | +$455.00M | ||
| 2024 | $6.14B | +6.5% | +$375.00M | ||
| 2023 | $5.76B | +6.7% | +$362.00M | ||
| 2022 | $5.40B | +29.5% | +$1.23B | ||
| 2021 | $4.17B | +52.3% | +$1.43B | ||
| 2020 | $2.74B | +4.3% | +$112.00M | ||
| 2019 | $2.63B | +10.6% | +$252.00M | ||
| 2018 | $2.38B | +13.9% | +$290.00M | ||
| 2017 | $2.08B | +19.4% | +$339.00M | ||
| 2016 | $1.75B | +20.0% | +$291.00M | ||
| 2015 | $1.46B | +61.0% | +$551.00M | ||
| 2014 | $904.00M | +90.3% | +$429.00M | ||
| 2013 | $475.00M | +1.3% | +$6.00M | ||
| 2012 | $469.00M | -43.8% | -$365.00M | ||
| 2011 | $834.00M | -27.9% | -$322.00M | ||
| 2010 | $1.16B | -33.3% | -$576.00M | ||
| 2009 | $1.73B | +41.2% | +$505.00M | ||
| 2008 | $1.23B | +0.7% | +$8.00M | ||
| 2007 | $1.22B | +4.5% | +$52.00M | ||
| 2006 | $1.17B | -1.1% | -$13.00M | ||
| 2005 | $1.18B | +7.7% | +$84.00M | ||
| 2004 | $1.10B | +10.3% | +$102.00M | ||
| 2003 | $994.00M | -0.6% | -$6.00M | ||
| 2002 | $1.00B | -3.8% | -$40.00M | ||
| 2001 | $1.04B | +12.6% | +$116.00M | ||
| 2000 | $924.00M | +60.7% | +$349.00M | ||
| 1999 | $575.00M | +10.8% | +$56.00M | ||
| 1998 | $519.00M | +24.8% | +$103.00M | ||
| 1997 | $416.00M | +210.4% | +$282.00M | ||
| 1996 | $134.00M | +31.0% | +$31.70M | ||
| 1995 | $102.30M | +26.1% | +$21.20M | ||
| 1994 | $81.10M | -88.3% | -$609.20M | ||
| 1993 | $690.30M | +570.8% | +$587.40M | ||
| 1992 | $102.90M | +20.4% | +$17.40M | ||
| 1991 | $85.50M | +23.0% | +$16.00M | ||
| 1990 | $69.50M | +26.4% | +$14.50M | ||
| 1989 | $55.00M | — | — |
In 2025, Morgan Stanley (MS) dividends paid totalled $6.59B – grew 7.4% year-over-year.
Morgan Stanley dividends paid has grown for 13 consecutive years, with a +19.2% compound annual growth rate over 2020–2025 (5 years).
The highest annual dividends paid of $6.59B was reported in 2025. The lowest in the available history was $55.00M in 1989.
Morgan Stanley (MS) sits 3rd of 8 Financial Services peers we track on this metric, against a peer median of $4.96B.
Morgan Stanley Dividends Paid 2025: $6.59B
Morgan Stanley dividends paid in 2025 was $6.59B, grew 7.4% from 2024. This figure represents the highest annual value in the available history.
Morgan Stanley Dividends Paid 2024: $6.14B
Morgan Stanley dividends paid in 2024 was $6.14B, grew 6.5% from 2023.
Morgan Stanley Dividends Paid 2023: $5.76B
Morgan Stanley dividends paid in 2023 was $5.76B, grew 6.7% from 2022.
Morgan Stanley Dividends Paid 2022: $5.40B
Morgan Stanley dividends paid in 2022 was $5.40B, grew 29.5% from 2021.
Morgan Stanley Dividends Paid 2021: $4.17B
Morgan Stanley dividends paid in 2021 was $4.17B.
See more financial history for Morgan Stanley (MS).
Sector peers by dividends paid
Companies in the same sector as Morgan Stanley, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| American Express (AXP) | $2.27B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does Morgan Stanley pay dividends?
Yes, Morgan Stanley (MS) pays quarterly dividends of approximately $4.00 per share annually, yielding 2.02%.
What is Morgan Stanley's dividend yield?
Morgan Stanley (MS) has a current dividend yield of 2.02%.
Is Morgan Stanley's dividend safe?
Morgan Stanley (MS) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Morgan Stanley increased its dividend?
Morgan Stanley (MS) has 5 consecutive years of dividend increases.
What is Morgan Stanley's dividend payout ratio?
Morgan Stanley (MS) has a dividend payout ratio of 36.4%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Morgan Stanley's dividends paid?
Latest reported dividends paid for Morgan Stanley (MS) is $6.68B (period ending March 31, 2026).
How has Morgan Stanley dividends paid changed year-over-year?
Morgan Stanley (MS) dividends paid changed +7.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Morgan Stanley dividends paid?
Morgan Stanley (MS) dividends paid compound annual growth rate is +19.2% over the most recent 5 years available.
When did Morgan Stanley dividends paid hit its highest annual value?
Morgan Stanley dividends paid reached its highest annual value of $6.59B in 2025.
What was Morgan Stanley dividends paid in 2024?
Morgan Stanley (MS) dividends paid in 2024 was $6.14B.
What was Morgan Stanley dividends paid in 2025?
Morgan Stanley (MS) dividends paid in 2025 was $6.59B.
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