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MS'L NOW TRADING POST CALL DATE

Morgan Stanley · Series L · Investment Brokerages
Also quoted as: MS-L, MSprL, MS.PRL, MS-PL, MSpL
$18.37
last price · 2026-09-14

About this security

MS'L is a 4.875% non-cumulative perpetual preferred stock issued by Morgan Stanley, grouped under Investment Brokerages. $25 liquidation preference, current yield 6.63%, callable from 2025-01-15.

Morgan Stanley: Morgan Stanley is a global financial services firm and bank holding company headquartered in New York City, regulated by the Federal Reserve and considered a globally systemically important bank. It is organized into three reportable segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Securities segment provides investment banking, sales and trading, and other services to corporations, governments and financial institutions; Wealth Management provides financial services to individual investors and small-to-medium businesses; and Investment Management provides investment strategies and products for large institutions and organizations. The firm expanded its retail and asset management reach through acquisitions, including E-Trade, an online retail brokerage, and Eaton Vance, an institutional asset manager. It operates across the Americas, Europe, the Middle East, Africa, and Asia, though it remains North America-focused. Company website

All Morgan Stanley securities and the issuer profile →

Key Stats ✓ Verified against SEC filing (prospectus linked below)

live page · rendered 19:09:03 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current yield
6.63%
Annual Dividend
$1.2188
Recent Market Price
$18.37
as of 2026-09-14
Disc/Prem to Par (→ screen)
Capital Appreciation to Par
+$6.63 (+36.1%)
Recent Ex-Date
2026-06-30
Pay Frequency
quarterly
Cumulative
No
Original Coupon
4.875%
Call Date
2025-01-15 ⚑ callable now
Yield to Call
n/a (callable now)
Yield to Worst
6.63%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
January 15, April 15, July 15, October 15
Shares Offered (original)
20,000,000
Issued
2019-11-25
Series
L
Alt. Symbology
MS-L, MSprL, MS.PRL, MS-PL, MSpL

vs. Investment Brokerages (17 issues with a current yield): yield 6.63% vs avg 6.64% · discount -26.5% vs avg -17.1%

Quote

 MS'L (preferred)MS (common)
As of 2026-09-14 2026-09-14
Last $18.37 $206.58
Change -0.04 (-0.22%) -7.80 (-3.64%)
Open$18.39$211.66
High / Low $18.47 / $18.35 $212.97 / $204.82
Prev Close$18.41$214.38
Volume37,4407,502,308
52-Week High / Low $22.28 / $18.28 $232.25 / $145.66

End-of-day closes, dated in the first row. A quote 3 or more trading sessions old is flagged stale, and a stale common quote is withheld. Change and Prev Close compare with the previous session's close. 52-week range based on available history, adjusted for splits. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

MS'L MS (common)

Dividend History

Ex-DateAmount / Share
2026-06-30$0.304688
2026-03-31$0.304688
2025-12-31$0.304688
2025-09-30$0.304688
2025-06-30$0.304688
2025-03-31$0.305000
2024-12-31$0.304688
2024-09-30$0.304688
2024-06-28$0.304688
2024-03-27$0.304688
2023-12-28$0.304688
2023-09-28$0.304688

Performance: $10K Calculator

See what an investment in MS'L would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

Get dividend & filing alerts for MS'L →

Prospectus (SEC 424B5)

Each of the depositary shares offered hereby represents a 1/1,000th ownership interest in a share of perpetual % Non-Cumulative Preferred Stock, Series L ("Series L Preferred Stock"), liquidation preference $25,000 per share, of Morgan Stanley, deposited with The Bank of New York Mellon, as depositary.

Use of proceeds: Net proceeds will be used to redeem the Series G Preferred Stock and the related depositary shares.

Full Prospectus (SEC filing) →

Other Securities from Morgan Stanley

SymbolTypeCouponPriceYield
MS'A preferred 4.000% 18.77
MS'E preferred 7.125% 25.40 7.09%
MS'F preferred 6.875% 25.27 6.88%
MS'I preferred 6.375% 24.04 6.70%
MS'K preferred 5.850% 21.91 6.68%
MS'O preferred 4.250% 16.10 6.60%
MS'P preferred 6.500% 24.75 6.57%
MS'Q preferred 6.625% 25.13 6.59%

News: Morgan Stanley

Issuer news via Tiingo, filtered to stories about MS.

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