Market Overview

Northern Trust Announces Increased Quarterly Dividend and Stock Repurchase Authorization

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Northern Trust Corporation (NASDAQ:NTRS), holding company of The
Northern Trust Company, has declared a quarterly cash dividend of $0.55
per share on its common stock ($1.66-2/3 par value), payable on October
1, 2018, to holders of record at 5:00 p.m., Chicago time, on September
14, 2018. The dividend represents a more than 30 percent increase from
the prior quarterly rate of $0.42 per share, and results in an
annualized dividend rate of $2.20, compared with the prior annualized
rate of $1.68. 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 $2,300.00 per share of its Series D cumulative perpetual preferred
stock (resulting in a distribution of $23.00 per depositary share), each
payable on October 1, 2018, to holders of record at 5:00 p.m. Chicago
time on September 15, 2018.

Northern Trust announced that its Board of Directors has approved a new
common stock repurchase authorization of up to 25 million shares. The
new repurchase authorization replaces the authorization approved in July
2017. The timing and amount of shares repurchased under the new
repurchase authorization will depend on various factors, including, but
not limited to, Northern Trust's business plans, financial performance,
other investment opportunities and general market conditions, including
share price.

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 23 international locations in
Canada, Europe, the Middle East and the Asia-Pacific region. As of March
31, 2018, Northern Trust had assets under custody/administration of
US$10.8 trillion, and assets under management of US$1.2 trillion. 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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