Morgan Stanley declares quarterly dividends

AP News
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Posted: Dec 15, 2009 5:44 PM

Morgan Stanley on Tuesday declared regular quarterly dividend on outstanding shares of its preferred stock.

A $255.56-per-share dividend was declared for its floating-rate, noncumulative preferred stock, Series A.

Dividends of $25 per share were declared for the 10 percent noncumulative, nonvoting perpetual convertible preferred stock, Series B and the 10 percent noncumulative, nonvoting perpetual preferred stock, Series C.

The dividends for all three stock issues are payable Jan. 15 to stockholders of record at the close of business Dec. 31, the company said in a release.

Shares of Morgan Stanley advanced 10 cents to $29.95 in after-hours trading, after falling 32 cents to $29.85 during the regular session Tuesday.