BNY Mellon Declares Dividends

Rhea-AI Summary

The Bank of New York Mellon (NYSE: BK) has announced its Board of Directors approved a quarterly common stock dividend of $0.31 per share, payable on August 7, 2020, to shareholders on record by July 27, 2020. Additionally, dividends for preferred stock include: $1,011.11 for Series A, $1,300.00 for Series C, $962.65 for Series E, $2,312.50 for Series F, and $1,579.72 for Series G, payable on September 21, 2020, to holders recorded by September 5, 2020.

Positive

• Quarterly common stock dividend of $0.31 per share reflects company confidence.
• Preferred dividends indicate strong financial health, with significant amounts for Series A ($1,011.11) and others.

Negative

• None.

NEW YORK, July 15, 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 August 7, 2020 to shareholders of record as of the close of business on July 27, 2020.

Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in September 2020, in each case payable on September 21, 2020 to holders of record as of the close of business on September 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);
   
• $962.65 per share on the Series E Preferred Stock (equivalent to $9.6265 per depositary share, each representing a 1/100th interest in a share of the Series E Preferred Stock);
   
• $2,312.50 per share on the Series F Preferred Stock (equivalent to $23.1250 per depositary share, each representing a 1/100th interest in a share of the Series F Preferred Stock); and
   
• $1,579.72 per share on the Series G Preferred Stock (equivalent to $15.7972 per depositary share, each representing a 1/100th interest in a share of the Series G 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 June 30, 2020, BNY Mellon had $37.3 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
Jennifer Hendricks Sullivan
+ 1 212 635 1374
Jennifer.H.Sullivan@bnymellon.com

Analysts
Magda Palczynska
+1 212 635 8529
Magda.Palczynska@bnymellon.com

 

View original content:http://www.prnewswire.com/news-releases/bny-mellon-declares-dividends-301093571.html

SOURCE BNY Mellon

FAQ

What is the dividend amount for Bank of New York Mellon (BK) in 2020?

The Bank of New York Mellon announced a quarterly dividend of $0.31 per share for common stock in 2020.

When will the dividend for Bank of New York Mellon (BK) be paid?

The common stock dividend will be paid on August 7, 2020, and preferred stock dividends will be paid on September 21, 2020.

What are the preferred stock dividends for Bank of New York Mellon (BK)?

Dividends for preferred stock include $1,011.11 for Series A, $1,300.00 for Series C, $962.65 for Series E, $2,312.50 for Series F, and $1,579.72 for Series G.