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CHICAGO--([ BUSINESS WIRE ])--Northern Trust Corporation (Nasdaq: NTRS) today declared a quarterly cash dividend of $0.30 per share on its common stock, payable on July 2, 2012, to stockholders of record as of June 8, 2012. Todayas announced common stock dividend represents an increase of $0.02 per share from the $0.28 declared on January 17, 2012.

"Northern Trust is pleased to provide our shareholders with an increased dividend"

Northern Trust also announced that its Board of Directors has approved a new common stock repurchase authorization of 10 million shares. The new authorization replaces the Corporationas current common stock repurchase authorization.

As part of its Capital Plan Review, the Federal Reserve reviewed Northern Trust Corporationas capital plan and did not object to the Corporationas capital plan, including the increase in its quarterly dividend and the repurchase of up to $240 million of common stock through March 2013. The timing of the common stock repurchases and the exact number of shares repurchased through the authorization will depend on various factors, including Northern Trustas capital position, internal capital generation, market conditions, and other investment opportunities.

aNorthern Trust is pleased to provide our shareholders with an increased dividend,a Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. aDue to our strong capital position, focused business model and conservative risk profile, Northern Trust never cut its quarterly dividend throughout the financial crisis. We believe the capital plan we submitted to the Federal Reserve demonstrates the strength of Northern Trustas financial position.a

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and Washington, D.C. and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2011, Northern Trust had assets under custody of US$4.3 trillion, and assets under investment management of US$663 billion. For more than 122 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit [ www.northerntrust.com ] or follow us on Twitter @NorthernTrust.