Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon stock.
The Bank of New York Mellon Corporation reports news as BNY, a global financial services platforms company serving capital markets through custody, administration, investment services and asset management. Company updates commonly cover quarterly results, financial supplements, common and preferred stock dividends, and corporate-brand or listed-security matters tied to its NYSE-traded securities.
BNY-related news also includes activity across its investment management platform, including fund adviser communications and dividend announcements for BNY Mellon-branded investment products. These updates reflect the company's role in servicing financial assets, supporting institutional clients and managing investment strategies across major asset classes.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) announced a monthly dividend of $0.0530 per share, payable on November 1, 2021. Shareholders of record by October 20, 2021 will be eligible, with the ex-dividend date set for October 19, 2021. The dividend remains unchanged from the previous month. The Fund aims to maintain consistent distributions, though it may adjust payouts based on performance and market conditions. BNY Mellon Investment Management oversees the Fund, managing $2.3 trillion in assets.
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On September 27, 2021, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0215 per share, payable on October 27, 2021. Shareholders of record will be those on October 13, 2021, with an ex-dividend date of October 12, 2021. This dividend remains consistent with the previous month’s declaration. BNY Mellon Investment Management manages $2.3 trillion in assets, reflecting its strength in asset management.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) announced a strike initiated by the local community surrounding its Uchucchacua mine on September 13, 2021, which has led to the suspension of mine operations due to blocked access. The community claims violations of agreements from 2012 and 2018, despite Buenaventura's assertion of compliance. The Company has proposed meetings for dialogue and expects potential negative impacts on Q3 results if unresolved. Ongoing maintenance activities continue, with plans to adjust operations as needed.
BNY Mellon Investment Management, with $2.3 trillion in assets, announced that Voya Financial will be the first recordkeeper to support its Custom Target Date Builder (CTDB) solution, enhancing access to customizable retirement portfolios for advisors. Launched in December 2020, CTDB allows advisors to offer custom retirement solutions across various plan sizes. Andy Provencher of BNY Mellon and Jeff Cimini of Voya emphasize the importance of this collaboration for improving retirement outcomes.
BNY Mellon has expanded its partnership with Optus Bank by providing a $3 million deposit to enhance investment in low and moderate income (LMI) and minority communities. This investment is part of the U.S. Treasury's Financial Agent Mentor-Protégé program, aimed at strengthening small and minority depository institutions. BNY Mellon previously committed $20 million to support educational and workforce development in underserved areas. This initiative reflects BNY Mellon's commitment to fostering economic opportunities and supporting underrepresented communities.
BNY Mellon, Citi, and Verizon have partnered to introduce Real-Time E-Bills and Payments, the first system of its kind for retail customers. This functionality allows Verizon customers with Citibank accounts to pay bills instantly, 24/7, enhancing financial control and helping to prevent overdraft fees. The collaboration connects BNY Mellon as the billing bank, Verizon as the biller, and Citi as the customer's bank, operating over The Clearing House's RTP network. This initiative marks a significant advance in bill payment technology and aims to transform how consumers manage their finances.
BNY Mellon has launched a new service allowing institutional investors to use Agency Mortgage-Backed Securities (AMBS) as collateral for cleared repo transactions via its Sponsored General Collateral (GC) Service. This initiative opens up an $11.4 trillion asset class, enhancing financing opportunities for buy-side investors. BNY Mellon maintains approximately 30% of the overall sponsored market share. The service will utilize BNY Mellon's triparty platform for operational efficiency in clearing repo transactions.
BNY Mellon Municipal Bond Infrastructure Fund announced a monthly distribution of $0.0530 per share, payable on October 1, 2021, to shareholders of record by September 20, 2021. The ex-dividend date is September 17, 2021. This distribution matches the previous month's payout. The fund aims for consistent monthly payments based on projected performance, with potential alterations depending on market conditions and income fluctuations.