BNY Mellon Declares Dividends

Rhea-AI Summary

The Bank of New York Mellon Corporation (NYSE: BK) announced a quarterly common stock dividend of $0.31 per share, payable on November 10, 2020, to shareholders of record by October 28, 2020. Additionally, it declared dividends on preferred stock for the period ending in December 2020, payable on December 21, 2020. Dividends include $1,011.11 for Series A, $1,300.00 for Series C, $2,250.00 for Series D, and $921.98 for Series E preferred stock holders of record by December 5, 2020.

Positive

• Authorized a quarterly common stock dividend of $0.31, reflecting ongoing shareholder returns.
• Preferred stock dividends indicate strong capital management and confidence in financial stability.

Negative

• None.

News Market Reaction – BK

+2.12%

+2.12% News Effect

On the day this news was published, BK gained 2.12%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, Oct. 16, 2020 /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 November 10, 2020 to shareholders of record as of the close of business on October 28, 2020.

Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in December 2020, in each case payable on December 21, 2020 to holders of record as of the close of business on December 5, 2020:

• $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);
• $1,300.00 per share on the Series C Preferred Stock (equivalent to $0.3250 per depositary share, each representing a 1/4,000th interest in a share of the Series C Preferred Stock);
• $2,250.00 per share on the Series D Preferred Stock (equivalent to $22.5000 per depositary share, each representing a 1/100th interest in a share of the Series D Preferred Stock); and
• $921.98 per share on the Series E Preferred Stock (equivalent to $9.2198 per depositary share, each representing a 1/100th interest in a share of the Series E 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 Sept. 30, 2020, BNY Mellon had $38.6 trillion in assets under custody and/or administration, and $2.0 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-301153938.html

SOURCE BNY Mellon

FAQ

What is the dividend amount declared by BNY Mellon for common stock?

BNY Mellon declared a quarterly common stock dividend of $0.31 per share.

When will the BNY Mellon common stock dividend be paid?

The common stock dividend will be paid on November 10, 2020.

What are the preferred stock dividends declared by BNY Mellon?

Preferred stock dividends include $1,011.11 for Series A, $1,300.00 for Series C, $2,250.00 for Series D, and $921.98 for Series E.

When will the preferred stock dividends be paid?

Preferred stock dividends will be paid on December 21, 2020.

When is the record date for the BNY Mellon common stock dividend?

The record date for the common stock dividend is October 28, 2020.

When is the record date for the BNY Mellon preferred stock dividends?

The record date for the preferred stock dividends is December 5, 2020.