Northern Trust Declares Quarterly Dividends for Common and Preferred Stock

Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.38 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2017, to holders of record at 5:00 p.m. Chicago time on March 3, 2017.

Northern Trust Corporation also declared cash dividends of $365.625 per share of its Series C non-cumulative perpetual preferred stock (resulting in a distribution of $0.365625 per depositary share) and $2,977.222222 per share of its Series D non-cumulative perpetual preferred stock (resulting in a distribution of approximately $29.77222222 per depositary share), each payable on April 1, 2017, to holders of record at 5:00 p.m. Chicago time on March 15, 2017. The initial dividend payment on the Series D preferred stock covers the period from the date of issuance of such stock, August 8, 2016, through March 31, 2017. If and when declared, future dividends on the Series D preferred stock will be payable semi-annually though October 1, 2026, and quarterly thereafter.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2016, Northern Trust had assets under custody of US$6.7 trillion, and assets under management of US$946 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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