CHICAGO -- Northern Trust Corp. said its quarterly cash dividend will be increased to 22 cents a common share from 18.5 cents.

Chief executive David W. Fox said the 19% increase "reflects Northern's favorable earnings performance and strong capital position, as well as a positive outlook for the corporation's continued growth."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.