BNY Mellon Declares Dividends

The Bank of New York Mellon Corporation (NYSE: BK) has announced a quarterly common stock dividend of $0.31 per share, payable on February 12, 2021, to shareholders recorded by February 1, 2021.

Rhea-AI Summary

The Bank of New York Mellon Corporation (NYSE: BK) has announced a quarterly common stock dividend of $0.31 per share, payable on February 12, 2021, to shareholders recorded by February 1, 2021. Additionally, the Board declared dividends on preferred stock, with payments due on March 22, 2021. Key amounts include $1,011.11 for Series A, $924.82 for Series E, $2,312.50 for Series F, $2,350.00 for Series G, and $1,408.06 for Series H. BNY Mellon reported $41.1 trillion in assets under custody as of December 31, 2020.

Positive

• Quarterly common stock dividend of $0.31 per share provides income to shareholders.
• Strong financial position with $41.1 trillion in assets under custody.

Negative

• None.

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NEW YORK, Jan. 20, 2021 /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 $0.31 per share, payable on February 12, 2021 to shareholders of record as of the close of business on February 1, 2021.

Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in March 2021, in each case payable on March 22, 2021 to holders of record as of the close of business on March 5, 2021:

• $1,011.11 per share on the Series A Preferred Stock (equivalent to $10.1111 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock);
• $924.82 per share on the Series E Preferred Stock (equivalent to $9.2482 per depositary share, each representing a 1/100th interest in a share of the Series E Preferred Stock);
• $2,312.50 per share on the Series F Preferred Stock (equivalent to $23.1250 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 $23.5000 per depositary share, each representing a 1/100th interest in a share of the Series G Preferred Stock); and
• $1,408.06 per share on the Series H Preferred Stock (equivalent to $14.0806 per depositary share, each representing a 1/100th interest in a share of the Series H 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, 2020, BNY Mellon had $41.1 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management.  BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available on www.bnymellon.com.  Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contacts:

Media
Madelyn McHugh
(212) 635-1376
Madelyn.McHugh@bnymellon.com

Analysts
Magda Palczynska
(212) 635-8529
Magda.Palczynska@bnymellon.com

View original content:http://www.prnewswire.com/news-releases/bny-mellon-declares-dividends-301211624.html

SOURCE BNY Mellon

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for BNY Mellon common stock in Q1 2021?

The dividend amount for BNY Mellon common stock is $0.31 per share.

When will BNY Mellon pay its common stock dividend in 2021?

The common stock dividend will be paid on February 12, 2021.

What are the dividend payment dates for BNY Mellon's preferred stock?

Preferred stock dividends will be paid on March 22, 2021.

How much will BNY Mellon pay for Series A preferred stock dividends?

BNY Mellon will pay $1,011.11 per share for Series A preferred stock.

What were BNY Mellon's assets under custody as of December 31, 2020?

BNY Mellon had $41.1 trillion in assets under custody as of December 31, 2020.