Bank of New York Mellon Declares Quarterly Dividends
Bank of New York Mellon Declares Quarterly Dividends
The Bank of New York Mellon Corporation (NYSE: BK), commonly referred to as BNY, has recently shared important news concerning its financial operations. BNY, a reputable global financial services entity, has declared dividends for its common and preferred stock, ensuring a commitment to its shareholders and the financial market.
Dividends for Common Stocks
In the latest announcement, BNY has set a quarterly common stock dividend of $0.47 per share. This amount will be payable on a specified date to shareholders who are on record as of the end of business on a given date. This decision reflects BNY's robust financial health and its commitment to distributing returns to its investors.
Preferred Stock Dividends
Additionally, BNY has declared dividends for its noncumulative perpetual preferred stock, which has a liquidation preference of $100,000 per share. The dividends cover various series of preferred stocks, payable on scheduled dates to holders of record by the closing of business on designated days:
- $1,311.33 per share for the Series A Preferred Stock.
- $925.00 per share for the Series H Preferred Stock.
- $937.50 per share for the Series I Preferred Stock.
- $1,640.00 per share for the Series K Preferred Stock.
Company Overview
BNY is known for its global reach in the financial services sector. With over 240 years of experience, it plays a pivotal role in managing and moving money securely for its diverse clientele. The company supports more than 90% of Fortune 100 companies and assists in financing local government projects, reflecting its significant influence in the financial landscape.
The corporation's comprehensive service offerings help safeguard the investments of millions, especially in partnership with leading pension plans. BNY currently oversees assets totaling approximately $53.1 trillion under custody and/or administration, alongside $2.0 trillion in assets under management, demonstrating its extensive capability and trustworthiness in the industry.
A Workforce Committed to Excellence
Headquartered in New York City, BNY employs a talented workforce of over 50,000 individuals globally. The company has consistently earned recognition as one of Fortune's World's Most Admired Companies and listings among Fast Company's Best Workplaces for Innovators. This acknowledgment highlights BNY's commitment to fostering an innovative and inclusive work environment.
BNY provides additional information about its operations and recent developments on its corporate website and various social media platforms. Stakeholders and interested individuals are encouraged to connect with BNY through these channels for ongoing updates.
Frequently Asked Questions
What is the recent dividend declaration by BNY?
BNY has declared a quarterly common stock dividend of $0.47 per share and dividends for its preferred stocks.
When will the dividends be paid out?
The common stock dividend will be payable on a future date to shareholders of record as of a specified date, while preferred stock dividends will also be issued on certain upcoming dates.
How long has BNY been in the financial services sector?
BNY has been operational for more than 240 years, demonstrating a rich history in financial services.
What markets does BNY support?
BNY supports a vast range of markets, including over 90% of Fortune 100 companies, various government projects, and top pension plans worldwide.
What is the current asset management status of BNY?
As of the latest report, BNY oversees approximately $53.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.
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