The Bank of New York Mellon Corporation (BK) To Go Ex-Dividend on October 27th

The Bank of New York Mellon Corporation (NYSE:BK) announced a quarterly dividend on Thursday, October 16th. Stockholders of record on Monday, October 27th will be given a dividend of 0.53 per share by the bank on Friday, November 7th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 27th.

Bank of New York Mellon has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bank of New York Mellon to earn $7.83 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 24.0%.

Bank of New York Mellon Stock Up 1.2%

NYSE:BK opened at $107.91 on Friday. The firm has a market capitalization of $76.10 billion, a P/E ratio of 15.57, a PEG ratio of 0.98 and a beta of 1.13. Bank of New York Mellon has a 1-year low of $70.46 and a 1-year high of $110.87. The company’s fifty day moving average price is $106.07 and its 200-day moving average price is $95.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.70 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings data on Tuesday, March 26th. The bank reported $1.30 earnings per share for the quarter. The firm had revenue of $4.38 billion for the quarter. Bank of New York Mellon had a net margin of 12.86% and a return on equity of 14.03%. As a group, equities research analysts anticipate that Bank of New York Mellon will post 6.96 EPS for the current year.

About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.