Bank New York Mellon Corp Stock Price, News & Analysis

On October 24, 2022, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0185 per share, payable on November 22, 2022, to shareholders of record as of November 7, 2022. The dividend remains unchanged from the previous month. BNY Mellon Investment Management, managing $1.8 trillion in assets as of September 30, 2022, continues to focus on delivering specialized investment solutions. This dividend declaration reflects the Fund's net investment income and aims to provide steady income for shareholders.

Z2 Investment Management launched as an alternative investment manager focused on debt and equity investments in North America's lower middle market. Targeting investment sizes between $10 million to $100 million, Z2 aims to fill the financing gap for private companies facing challenging credit conditions. Founders Scott Gold, Bobby Barrett, and Jake Sussman possess extensive experience in middle market investments, having collectively deployed billions in capital. Z2 believes non-sponsored, directly sourced financing can yield attractive returns while supporting an underserved segment of the U.S. economy.

BNY Mellon has launched Vaia, a new digital payment platform designed for US institutions, providing a variety of payment options including real-time payments via RTP®, Same-Day ACH, Tokenized Payments with Zelle®, and debit cards, all integrated into a client-branded interface.

Vaia aims to simplify disbursement processes and reduce the time for businesses to connect with various payment methods. The platform utilizes Account Validation Services to enhance security against payment fraud. Future plans include extending its capabilities for cross-border payments.

BNY Mellon Investor Solutions has appointed Manisha K. Ali as the new Head of Responsible Investing, effective immediately. With over 17 years of experience, she aims to enhance the firm's Responsible Investing franchise by collaborating with clients at various stages of their sustainability journey. Ali, who has previously worked with Neuberger Berman and Russell Investments, will also represent Investor Solutions in industry organizations. The firm's AUM/AUA stands at $25.1 billion as of June 30, 2022, showcasing its strong presence in institutional asset management.

BNY Mellon announced the redemption of all Floating Rate Senior Notes due October 30, 2023, totaling $750 million. The redemption will occur on October 30, 2022, with the redemption price set at 100% of the principal plus any accrued interest. Following this date, the notes will cease to be outstanding and will no longer accrue interest. This redemption is part of BNY Mellon's management of its financial obligations.

Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) will hold its Third Quarter 2022 earnings call on October 28, 2022, at 11:00 AM ET. The results will be announced on October 27, 2022, after market close. CEO Leandro García Raggio and senior management will participate in the call. Buenaventura is Peru's largest publicly traded precious metals company, engaged in mining and processing gold and silver. The company owns several mines in Peru and holds a significant stake in Sociedad Minera Cerro Verde, a leading copper producer.

On October 17, 2022, BNY Mellon (NYSE: BK) announced a quarterly dividend of $0.37 per share on common stock, payable on November 10, 2022, to shareholders recorded by October 27, 2022. Additionally, dividends for preferred stock for the period ending December 2022 were declared, with notable amounts including $1,044.05 for Series A, $2,250.00 for Series D, $925.00 for Series H, and $937.50 for Series I, all payable on December 20, 2022.

BNY Mellon announced its third quarter 2022 financial results on October 17, 2022. The company reported a total of $42.2 trillion in assets under custody and/or administration and $1.8 trillion in assets under management as of September 30, 2022. Investors can access the earnings release and participate in a conference call today at 8 a.m. ET. Replays of the call will be available from October 17 to November 17, 2022. For more details, visit www.bnymellon.com/investorrelations.