BNY Mellon Declares Dividends
Rhea-AI Summary
The Bank of New York Mellon Corporation (NYSE: BK) announced a quarterly common stock dividend of $0.34 per share, payable on February 11, 2022, to shareholders of record as of January 31, 2022. Additionally, the bank declared preferred stock dividends for various series, including $1,011.11 for Series A, $2,312.50 for Series F, $2,350.00 for Series G, $925.00 for Series H, and $1,270.83 for Series I, all payable on March 21, 2022. This reflects BNY Mellon's commitment to returning value to shareholders.
AI-generated analysis. Not financial advice.
Positive
- Quarterly common stock dividend of $0.34 per share enhances shareholder value.
- Commitment to preferred stock dividends demonstrates stability and cash flow.
- Total assets under custody and/or administration of $46.7 trillion as of Dec. 31, 2021, indicating robust operational scale.
Negative
- None.
News Market Reaction – BK
On the day this news was published, BK declined 1.07%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Jan. 18, 2022 /PRNewswire/ --
The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:
Common – a quarterly common stock dividend of
Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference
$1,011.11 per share on the Series A Preferred Stock (equivalent to$10.111111 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock);$2,312.50 per share on the Series F Preferred Stock (equivalent to$23.125000 per depositary share, each representing a 1/100th interest in a share of the Series F Preferred Stock);$2,350.00 per share on the Series G Preferred Stock (equivalent to$23.500000 per depositary share, each representing a 1/100th interest in a share of the Series G Preferred Stock);$925.00 per share on the Series H Preferred Stock (equivalent to$9.250000 per depositary share, each representing a 1/100th interest in a share of the Series H Preferred Stock); and$1,270.83 per share on the Series I Preferred Stock (equivalent to$12.708333 per depositary share, each representing a 1/100th interest in a share of the Series I Preferred Stock).
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had
Media
Garrett Marquis
(949) 683-1503
Garrett.Marquis@bnymellon.com
Analysts
Marius Merz
(212) 298-1480
Marius.Merz@bnymellon.com
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SOURCE BNY Mellon