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NEW YORK - The Bank of New York Mellon Corporation (NYSE:BK), known as BNY, has disclosed its latest dividend payouts for both common and preferred stockholders. The company revealed that a quarterly dividend of $0.47 per common share is scheduled for payment on May 2, 2025, to shareholders on record by April 21, 2025. According to InvestingPro data, BNY has maintained dividend payments for 55 consecutive years and currently offers a 2.45% yield, having raised dividends for 14 straight years.
In addition to common stock dividends, BNY declared dividends on various series of noncumulative perpetual preferred stock. These are set for disbursement on June 20, 2025, to stockholders recorded as of June 5, 2025. The payouts per share are as follows: Series A Preferred Stock at $1,311.33, Series H Preferred Stock at $925.00, Series I Preferred Stock at $937.50, and Series K Preferred Stock at $1,640.00.
BNY, a stalwart in the financial services sector, has a history extending over 240 years. The company has a significant role in managing and safeguarding assets, boasting $53.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of March 31, 2025. With a market capitalization of $55 billion and trading at a P/E ratio of 13.11, InvestingPro analysis suggests the stock is currently undervalued. BNY's clientele includes over 90% of Fortune 100 companies and nearly all top 100 banks globally, as well as a majority of the top 100 pension plans.
The corporation employs more than 50,000 people worldwide and is headquartered in New York City. It has received recognition as one of the most admired companies by Fortune and as one of the best workplaces for innovators by Fast Company.
This dividend announcement is based on a press release statement issued by BNY, reflecting the company's ongoing financial activities and commitment to return value to its shareholders. For deeper insights into BNY's financial health and growth prospects, InvestingPro offers comprehensive research reports with expert analysis and additional ProTips that can help inform investment decisions.
In other recent news, Bank of New York Mellon reported a strong quarterly performance with a notable 7% increase in net interest income, driven by heightened client activity and corporate trust services. The company's earnings per share for the fourth quarter came in at $1.54, surpassing the consensus estimate by $0.02. Assets under custody reached $52.1 trillion, marking a 9% year-over-year increase, while assets under management rose by 3% to $2.0 trillion. CFRA analyst Kenneth Leon raised the price target for Bank of New York Mellon to $95, maintaining a Buy rating, citing the company's robust performance and positive future earnings projections. Meanwhile, Keefe, Bruyette & Woods analysts kept their Outperform rating, highlighting the company's strong net interest income growth and cost control measures.
Additionally, Bank of New York Mellon issued $1.25 billion in senior notes, part of its medium-term notes program, which adds to its capital structure. In another development, BNY Mellon Municipal Bond Infrastructure Fund maintained its monthly distribution at $0.0300 per share, consistent with the previous month. Compañía de Minas Buenaventura also made headlines with a successful issuance of $650 million in senior unsecured notes, intended to refinance existing notes and support general corporate purposes. These recent developments reflect significant financial activities and strategic moves by these companies.
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