Current Yield
1.89%
TTM Dividend/Share
$4.00
Payment Frequency
Quarterly
Payout Ratio
36.4%
Consecutive Growth Years
5 (Dividend Challenger)
Key takeaways
- Dividend Challenger — Morgan Stanley (MS) has raised its dividend for 5 consecutive years.
- Morgan Stanley (MS) currently yields 1.89%, paying $4.00 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 36.4% — the share of earnings distributed as dividends.
- 4 of 8 dividend safety checks passed.
- 5-year dividend CAGR of -7.38%.
Dividend yield valuation for Morgan Stanley (MS)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 1.89% |
1-year average yield | 2.36%now 0.47 pp below |
3-year average yield | 3.08%now 1.19 pp below |
5-year average yield | 3.07%now 1.18 pp below |
MS: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Morgan Stanley (MS)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | -5.5% |
FCF payout ratio | 14.3% |
Net debt / EBITDA | 9.3x |
Interest coverage | 0.47x |
ROIC (TTM) | 10.6% |
Dividend safety score for Morgan Stanley (MS)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
4 of 8 checks passed
Payout ratio below 75%
Payout ratio is 36.4%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-7.7B — FCF does not fully cover the payout.
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 9.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (-7.4%) ≤ EPS growth (12.9%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
134 payments from 1993 to 2026 · Adj. Dividend is split-adjusted
| 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 |
- Apr 30, 2026$1.0000
- Jan 30, 2026$1.0000
- Oct 31, 2025$1.0000
- Jul 31, 2025$1.0000
- Apr 30, 2025$0.9250
- Jan 31, 2025$0.9250
- Oct 31, 2024$0.9250
- Jul 31, 2024$0.9250
- Apr 29, 2024$0.8500
- Jan 30, 2024$0.8500
- Oct 30, 2023$0.8500
- Jul 28, 2023$0.8500
Historical dividend yield for Morgan Stanley (MS)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.36%5Y: 3.07%10Y: 2.88%
Dividend per share for Morgan Stanley (MS)
CAGR (per year)1Y: 8.45%5Y: -7.38%10Y: 21.48%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 1993 | $0.07 | 3 |
| 1994 | $0.17 | 4 |
| 1995 | $0.16 | 4 |
| 1996 | $0.22 | 4 |
| 1997 | $0.28 | 4 |
| 1998 | $0.40 | 4 |
| 1999 | $0.48 | 4 |
| 2000 | $0.80 | 4 |
| 2001 | $0.92 | 4 |
| 2002 | $0.92 | 4 |
| 2003 | $0.92 | 4 |
| 2004 | $1.00 | 4 |
| 2005 | $1.08 | 4 |
| 2006 | $1.08 | 4 |
| 2007 | $1.08 | 4 |
| 2008 | $1.08 | 4 |
| 2009 | $0.44 | 4 |
| 2010 | $0.20 | 4 |
| 2011 | $0.20 | 4 |
| 2012 | $0.20 | 4 |
| 2013 | $0.20 | 4 |
| 2014 | $0.35 | 4 |
| 2015 | $0.55 | 4 |
| 2016 | $0.70 | 4 |
| 2017 | $0.90 | 4 |
| 2018 | $1.10 | 4 |
| 2019 | $1.30 | 4 |
| 2020 | $5.65 | 5 |
| 2021 | $2.10 | 4 |
| 2022 | $2.95 | 4 |
| 2023 | $3.25 | 4 |
| 2024 | $3.55 | 4 |
| 2025 | $3.85 | 4 |
| 2026 | $2.00 | 2 |
Dividend growth for Morgan Stanley (MS)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 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 | — |
- 2026—
- 2025$3.8500
- 2024$3.5500
- 2023$3.2500
- 2022$2.9500
- 2021$2.1000
- 2020$5.6500
- 2019$1.3000
- 2018$1.1000
- 2017$0.9000
- 2016$0.7000
- 2015$0.5500
- 2014$0.3500
- 2013$0.2000
- 2012$0.2000
- 2011$0.2000
- 2010$0.2000
- 2009$0.4367
- 2008$1.0800
- 2007$1.0800
- 2006$1.0800
- 2005$1.0800
- 2004$1.0000
- 2003$0.9200
- 2002$0.9200
- 2001$0.9200
- 2000$0.8000
- 1999$0.4800
- 1998$0.4000
- 1997$0.2800
- 1996$0.2200
- 1995$0.1600
- 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.
Frequently asked questions
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