Bank New York Mellon Corp Stock Price, News & Analysis

On May 22, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) announced a monthly distribution of $0.035 per share, payable on June 21, 2024, to shareholders of record as of June 6, 2024. The ex-dividend date is June 6, 2024. This distribution matches the amount declared in April 2024. The Fund plans to distribute most of its net income in monthly dividends, though this could change based on market conditions and Board decisions. BNY Mellon Investment Management, the Fund's adviser, manages $2.0 trillion in assets as of March 31, 2024. BNY Mellon manages a total of $48.8 trillion in assets under custody/administration. Notably, the Fund's performance and share value can fluctuate, and there is no guarantee of achieving its investment objectives.

Buenaventura (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, has announced a voluntary, temporary suspension of its El Brocal processing plant facilities. The suspension follows an unauthorized entry by a small group from the nearby Huaraucaca Community onto the property. Despite this, underground mining operations remain unaffected, with ore stockpiled for later processing. Buenaventura is confident that it will reach a peaceful resolution with the community through ongoing dialogue. The company's primary focus remains on the safety of its employees and facilities.

On May 21, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0175 per share, payable on June 20, 2024, to shareholders of record as of June 5, 2024. The ex-dividend date is also June 5, 2024. This dividend amount remains unchanged from the previous month's dividend in April. BNY Mellon Investment Adviser, part of BNY Mellon Investment Management, oversees the fund. As of March 31, 2024, BNY Mellon Investment Management manages $2.0 trillion in assets, while BNY Mellon, established in 1784, holds $48.8 trillion in assets under custody and administration.

The Bank of New York Mellon (NYSE: BK) announced that it will reveal its second quarter 2024 financial results on July 12, 2024. The results will be made available on their website at around 6:30 a.m. ET, followed by a management-hosted conference call and live audio webcast at 9:30 a.m. ET the same day. Investors and stakeholders can access these materials and participate in the webcast for detailed insights into the company's performance.

BNY Mellon (NYSE: BK) has announced that its Chief Financial Officer, Dermot McDonogh, will speak at the Goldman Sachs European Financials Conference on June 6, 2024. The event in Madrid, Spain, will start at 3:00 p.m. CEST (9:00 a.m. ET).

BNY Mellon Alcentra Global Multi-Strategy Credit Fund announced the final results of its quarterly tender offer for 2.5% of its issued shares. The offer, which expired on May 14, 2024, was oversubscribed. Consequently, shares will be purchased on a pro-rata basis at a price of $91.43 per share, equivalent to the Fund's net asset value as of March 31, 2024. A total of 388,170 shares were tendered, and 46,530 shares will be bought back, resulting in a pro-ration factor of 0.120521. The Fund is part of BNY Mellon Investment Management, which manages $2.0 trillion in assets. Further details and documents can be obtained from Georgeson or the SEC's website.

BNY Mellon (NYSE:BK) has announced a collaboration with Ponce Bank through the U.S. Department of Treasury Financial Agent Mentor-Protégé Program. This partnership aims to support local businesses, housing, and services in underserved communities by providing mentorship and financial services to Ponce Bank. The alliance seeks to enhance Ponce Bank's role in economic growth and community development within the New York metro area.

BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) announced a distribution of $0.019 per share, payable on June 28, 2024, to shareholders on record as of June 14, 2024. The ex-dividend date is June 13, 2024. The increase in distribution is attributed to higher yields from investments. BNY Mellon Investment Management, with $2.0 trillion in assets under management, offers solutions across major asset classes.

BNY Mellon's Pershing has announced the agenda for INSITE 2024, a financial advisory conference in Nashville, featuring keynote speakers like Keith Urban and Fawn Weaver. The event will focus on leveraging technology and innovation to provide next-level solutions for clients. Highlights include platform enhancements, industry insights, and live performances.