Business
BNY Announces Intention to Increase Quarterly Common Stock Dividend by 13 Percent to $0.53 per Share
The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced its intention to increase its quarterly cash dividend on its common shares by 13% from $0.47 to $0.53 per share, commencing as early as the third quarter of 2025, subject to approval by the company's Board of Directors.
About this update from The Bank Of New York Mellon Corporation
[{"type":"text","content":"NEW YORK, July 1, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced its intention to increase its quarterly cash dividend on its common shares by 13% from $0.47 to $0.53 per share, commencing as early as the third quarter of 2025, subject to approval by the company's Board of Directors.","length":385,"tagName":"p"},{"type":"text","content":"On June 27, 2025, the Federal Reserve released the results of its 2025 bank stress test, which underscore BNY's resilient business model and strong balance sheet. The Federal Reserve also notified the company that its preliminary Stress Capital Buffer ("SCB") requirement will remain 2.5%, equal to the regulatory floor. This SCB is expected to be effective from October 1, 2025, to September 30, 2026, under the current capital plan rule. Since the introduction of the SCB requirement in 2020, BNY's SCB has consistently remained at the 2.5% floor. The company does not anticipate any impact on its SCB requirement based on the Federal Reserve's notice of proposed rulemaking to reduce the volatility of the SCB requirement issued on April 17, 2025.","length":772,"tagName":"p"},{"type":"text","content":""BNY plays an important role in global financial markets, serving our clients with innovative and resilient platforms that enable them to grow their businesses and navigate an increasingly complex world. The results of the Federal Reserve's annual bank stress test demonstrate our strength and ability to support clients through extreme economic stress scenarios," said Robin Vince, Chief Executive Officer of BNY. "Our work to operate as a platform company is delivering real value and significant momentum. We are pleased to announce our intention to increase BNY's common dividend and we remain focused on delivering greater value for our shareholders and clients."","length":696,"tagName":"p"},{"type":"text","content":"The company continues to be authorized to repurchase common shares under its existing share repurchase program approved by the Board of Directors, as announced in April 2024. The timing, manner and amount of repurchases are subject to various factors, including the company's capital position and prevailing market conditions.","length":330,"tag...