Bank New York Mellon Corp Stock Price, News & Analysis

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) has announced a monthly distribution of $0.0300 per share of common stock. This payment will be made on August 1, 2024, to shareholders on record as of July 18, 2024, which is also the ex-dividend date. The Fund aims to maintain stable monthly distributions based on projected performance, but adjustments may be made depending on market conditions and portfolio performance. BNY Mellon Investment Adviser, Inc., a part of BNY Investments, manages the Fund. BNY Investments, one of the world’s largest asset managers, oversees $2.0 trillion in assets. BNY Mellon , established in 1784, administers $48.8 trillion in assets and provides comprehensive financial asset management services. This release is informational and not investment advice.

BNY has appointed Jose Minaya as the Global Head of BNY Investments and Wealth, effective September 3, 2024. Minaya will succeed Hanneke Smits, who is set to retire but will remain as Chair of BNY Investments until the end of 2024 to facilitate the transition. Minaya brings decades of experience from his tenure at Nuveen, where he held roles such as President and Chief Investment Officer. His leadership is expected to enhance BNY's capabilities in managing and growing its global wealth segment. The appointment underscores BNY's commitment to expanding its asset management and wealth services on an international scale.

The Bank of New York Mellon (BNY) (NYSE: BK) announced on June 28, 2024, its intention to increase its quarterly cash dividend by 12% from $0.42 to $0.47 per share. This change is expected to start in the third quarter of 2024, pending approval by the Board of Directors.

The announcement follows the Federal Reserve's 2024 bank stress test results, released on June 26, 2024, which confirmed BNY's strong business model and capital position. The Stress Capital Buffer (SCB) requirement for BNY remains at 2.5%, effective from October 1, 2024, to September 30, 2025.

BNY will continue its share repurchase program, as previously approved by its Board of Directors in January 2023 and April 2024, influenced by capital position and market conditions.

On June 26, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) announced a monthly distribution of $0.035 per share, payable on July 25, 2024, to shareholders recorded by July 11, 2024, which is also the ex-dividend date. This matches the previous distribution declared in May. The Fund's policy is to distribute most of its net income to shareholders, though this may change based on market and portfolio conditions. BNY Mellon Investment Adviser, part of BNY Investments, manages the Fund. BNY Investments, a division of BNY, oversees $2.0 trillion in assets and provides specialized investment solutions across major asset classes. BNY has $48.8 trillion in assets under custody and administration as of March 31, 2024, and is one of the oldest banks in America. Closed-end fund shares like those of the Fund may trade at a premium or discount to their net asset value.

On June 25, 2024, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0175 per share, payable on July 24, 2024, to shareholders of record by July 10, 2024, with the same ex-dividend date.

BNY Mellon, the fund advisor, manages $2.0 trillion in assets as of March 31, 2024, and has $48.8 trillion in assets under custody or administration.

BNY Mellon is America's oldest bank, founded in 1784, and is known for its comprehensive financial solutions.

The Bank of New York Mellon (NYSE: BK) announced the appointment of Leigh-Ann Russell as Chief Information Officer and Global Head of Engineering, effective September 15, 2024. Reporting to President and CEO Robin Vince, Russell will join the Executive Committee. With a background as Executive Vice President of Innovation and Engineering at bp, Russell brings extensive experience in digital, IT, and cybersecurity operations, as well as engineering, safety, and science. This strategic hire aims to bolster BNY's technological innovation and resilience in the global financial system.

Buenaventura, Peru's largest publicly traded precious metals mining company, has resumed ore processing operations at its El Brocal mine. The resumption began at midnight on June 7, 2024, to process the accumulated 220,000 tonnes of copper ore. The processing rate will ramp up to 15,000 tons per day, aiming to meet the budgeted production for Q3 2024 and the full-year 2024 production guidance. The resumption follows an agreement between the Huaraucaca community leaders and El Brocal representatives, facilitated by Peru's Ministry of Energy and Mines. The agreement addresses compliance with commitments between the parties. Buenaventura reaffirms its commitment to all signed agreements with surrounding communities.

The Bank of New York Mellon (BNY Mellon) has announced its intention to redeem all issued and outstanding 3.430% Fixed Rate / Floating Rate Callable Senior Notes due June 13, 2025. The total principal amount of these notes stands at $362,688,000. The notes will be redeemed on June 13, 2024, at a redemption price equal to 100% of the principal amount plus any accrued and unpaid interest up to, but excluding, the redemption date. Post-redemption, the notes will no longer accrue interest and will no longer be considered outstanding. Payment will be processed through The Depository Trust Company.

Dreyfus, part of BNY Mellon, has introduced BOLD® Future, a new share class for retail investors under the Dreyfus Government Cash Management fund.

The initiative will support Howard University's GRACE Grant by donating 10% of net revenue from this share class to a dedicated scholarship fund.

BOLD Future aims to cater to financial advisors and their clients with a minimum investment requirement of $25,000. This new offering follows strong demand from institutional investors for BOLD, which stands for Black Opportunity for Learning and Development.

The partnership underscores Dreyfus' commitment to social impact, having already donated over $1 million to Howard University.

BNY Mellon, a global financial services company, manages $48.8 trillion in assets under custody and $2.0 trillion in assets under management as of March 2024.