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Bank of New York Mellon (BK) Dividend Yield, Date & History

Bank of New York Mellon logo
$77.62 +1.21 (+1.58%)
(As of 12/20/2024 05:31 PM ET)

Bank of New York Mellon Dividend Summary

Dividend Yield
2.42%
Annual Dividend
$1.88
Recent
Dividend Payment
Nov. 1
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
8.41%
Dividend Payout Ratio
40.87%

Bank of New York Mellon (BK) pays an annual dividend of $1.88 per share, with a dividend yield of 2.42%. The next quarterly payment of $0.47 per share was paid on Friday, November 1, to investors who owned the stock before the ex-dividend date of Monday, October 21. BK has grown its dividend for 14 consecutive years, with an average annual increase of 2.73%. The company currently pays out 40.87% of its earnings and 24.58% of its cash flow as dividends.

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BK Dividend Payments by Quarter

The chart below displays up to four years of Bank of New York Mellon's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

BK Dividend Yield Over Time

The chart below tracks Bank of New York Mellon's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Bank of New York Mellon vs. The Competition

Compare Bank of New York Mellon's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeBank of New York MellonFinance CompaniesNYSE Companies
Annual Dividend$1.88$0.02$1.39
Dividend Yield2.42%9.81%3.61%
Annualized 3-Year Dividend Growth8.41%12.89%15.78%
Track Record14 years17 years24 years

Bank of New York Mellon Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings40.87%
Based on This Year's Estimate32.19%
Based on Next Year's Estimate28.44%
Based on Cashflow24.58%

Bank of New York Mellon Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/11/2024quarterly$0.47 - 2.53%10/21/202410/21/202411/1/2024
7/12/2024quarterly$0.47+$0.05
11.90%
3.06%7/22/20247/22/20248/2/2024
4/16/2024quarterly$0.42 - 3.05%4/25/20244/26/20245/9/2024
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1/12/2024quarterly$0.42 - 3.19%1/19/20241/22/20242/2/2024
10/17/2023quarterly$0.42 - 4.02%10/26/202310/27/202311/9/2023
7/18/2023quarterly$0.42+$0.05
13.51%
3.86%7/27/20237/28/20238/10/2023
4/18/2023quarterly$0.37 - 3.35%4/27/20234/28/20235/11/2023
1/13/2023Quarterly$0.37 - 3.02%1/20/20231/23/20232/3/2023

This table shows Bank of New York Mellon's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Bank of New York Mellon Dividend - Frequently Asked Questions

The current dividend yield for Bank of New York Mellon is 2.42%. Learn more on BK's dividend yield history.

The annual dividend for BK shares is $1.88. Learn more on BK's annual dividend history.

Bank of New York Mellon pays quarterly dividends to shareholders.

Bank of New York Mellon's most recent quarterly dividend payment of $0.47 per share was made to shareholders on Friday, November 1, 2024.

Bank of New York Mellon's most recent ex-dividend date was Monday, October 21, 2024.

Over the past three years, the company's dividend has grown by an average of 8.41% per year.

Bank of New York Mellon has increased its dividend for the past 14 consecutive years.

The most recent change in the company's dividend was an increase of $0.05 on Friday, July 12, 2024.

The dividend payout ratio for BK is:
  • 40.87% based on the trailing year of earnings
  • 32.19% based on this year's estimates
  • 28.44% based on next year's estimates
  • 24.58% based on cash flow

Bank of New York Mellon's dividend yield of 2.48% is lower than the average Finance company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Bank of New York Mellon's dividend payout ratio of 40.87% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Bank of New York Mellon stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:BK) was last updated on 12/21/2024 by MarketBeat.com Staff
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