Morgan Stanley Declares Preferred Dividends and Cuts South Africa Forecast to 1.2%
Morgan Stanley declared dividends on preferred stock Series A at $292.89 and Series N at $1,793.62, payable June 15 (record May 29) and July 15 (record June 30). Morgan Stanley cut South Africa’s 2026 growth forecast to 1.2% from 1.7%, citing oil-price shocks that may damp consumer spending and profits.
1. Preferred Stock Dividends and Payment Schedule
Morgan Stanley declared dividends on eleven preferred stock series, including Floating Rate Series A at $292.89 per share, 10% Series C at $25.00, Fixed-to-Floating Series E at $450.26, Series F at $434.46, Series I at $402.86, Series K at $365.63, Series L at $304.69, Series N at $1,793.62, Series O at $265.63, Series P at $406.25 and Series Q at $414.06. The dividend on Series N is payable June 15, 2026 to shareholders of record May 29, 2026; all other series pay July 15, 2026 to shareholders of record June 30, 2026.
2. South Africa 2026 Growth Forecast Revision
Morgan Stanley cut its South Africa 2026 GDP growth forecast to 1.2% from 1.7%, citing a Middle East conflict–driven oil price shock that may curb consumer spending, corporate profits and investment. Despite near-term headwinds, the firm retains a constructive medium-term outlook, expecting fiscal consolidation toward a 3% deficit and structural reforms to support eventual rating upgrades.