BNY Mellon Corporation Declares Dividends for 2025
The Bank of New York Mellon Corporation, commonly referred to as BNY, has made a significant announcement regarding its dividend payments. The Board of Directors has officially declared dividends applicable to both common and preferred stocks, providing an insightful update to stakeholders and market observers.
Dividend Details
On January 15, 2025, BNY unveiled the following vital details concerning its dividend distribution:
Common Stock Dividend
- - Amount: $0.47 per share.
- - Payment Date: February 7, 2025.
- - Record Date: Shareholders must be on record by the close of business on January 27, 2025 to qualify for this dividend.
Preferred Stock Dividends
The corporation also declared dividends on various series of its preferred stock, payable on March 20, 2025, for dividend period ending in March 2025. Here’s how they break down:
- - Series A Preferred Stock: $1,295.17 per share (this equates to $12.951675 per Normal Preferred Capital Security).
- - Series F Preferred Stock: $2,312.50 per share (or $23.125000 per depositary share).
- - Series G Preferred Stock: $2,350.00 per share ($23.500000 per depositary share).
- - Series H Preferred Stock: $925.00 per share ($9.250000 per depositary share).
- - Series I Preferred Stock: $937.50 per share ($9.375000 per depositary share).
Each series represents a fractional interest in the respective preferred stock, assuring a rewarding yield for the holders concerned.
BNY's Corporate Overview
BNY Mellon is a renowned global financial services corporation, managing a massive portfolio on behalf of its clients. Spanning over 240 years, the company’s experience showcases its capability to help clients manage and safeguard their assets. As of December 31, 2024, BNY reported impressive figures, overseeing approximately
$52.1 trillion in assets under custody and/or administration, alongside
$2.0 trillion in assets under management.
This financial giant serves an array of clients, including over
90% of Fortune 100 companies and nearly all of the top 100 banks globally. BNY has also solidified its presence in governmental sectors, aiding in funding critical local projects along with managing investments for millions of individuals through its partnerships with the foremost pension plans.
Corporate Recognition
Headquartered in New York City and employing upwards of
50,000 individuals worldwide, BNY Mellon has earned accolades such as being listed among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Such honors underline its commitment to excellence and innovation in the financial services industry.
For more insights or specific updates from BNY, individuals can refer to their official website,
www.bny.com, or connect with them via LinkedIn. For the latest news regarding the company, please visit the BNY Newsroom.
With these newly declared dividends, BNY reaffirms its pledge to provide shareholder value while maintaining its robust position in the financial landscape. Stakeholders are encouraged to consider these developments in their investment strategies as they reflect the company’s ongoing commitment to growth and financial stewardship.