By the close of today, January 10, 2024, Bank of New York Mellon BK will issue a dividend payout of $0.42 per share, resulting in an annualized dividend yield of 4.02%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on October 26, 2023.
Bank of New York Mellon Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-26 | 4 | $0.42 | 4.02% | 2023-10-17 | 2023-10-27 | 2023-11-09 |
| 2023-07-27 | 4 | $0.42 | 3.86% | 2023-07-18 | 2023-07-28 | 2023-08-10 |
| 2023-04-27 | 4 | $0.37 | 3.35% | 2023-04-18 | 2023-04-28 | 2023-05-11 |
| 2023-01-20 | 4 | $0.37 | 3.07% | 2023-01-13 | 2023-01-23 | 2023-02-03 |
| 2022-10-26 | 4 | $0.37 | 3.85% | 2022-10-17 | 2022-10-27 | 2022-11-10 |
| 2022-07-22 | 4 | $0.37 | 3.66% | 2022-07-15 | 2022-07-25 | 2022-08-05 |
| 2022-04-27 | 4 | $0.34 | 2.88% | 2022-04-18 | 2022-04-28 | 2022-05-11 |
| 2022-01-28 | 4 | $0.34 | 2.14% | 2022-01-18 | 2022-01-31 | 2022-02-11 |
| 2021-10-29 | 4 | $0.34 | 2.37% | 2021-10-19 | 2021-11-01 | 2021-11-12 |
| 2021-07-26 | 4 | $0.34 | 2.76% | 2021-07-15 | 2021-07-27 | 2021-08-09 |
| 2021-04-27 | 4 | $0.31 | 2.58% | 2021-04-16 | 2021-04-28 | 2021-05-11 |
| 2021-01-29 | 4 | $0.31 | 2.71% | 2021-01-20 | 2021-02-01 | 2021-02-12 |
When comparing Bank of New York Mellon's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer FS KKR Capital FSK having the highest annualized dividend yield at 13.48%.
Analyzing Bank of New York Mellon Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $1.24 to $1.58, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Bank of New York Mellon
From 2020 to 2023, Bank of New York Mellon experienced a growth in earnings per share, with an increase from $4.05 to $5.08. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Bank of New York Mellon and its significance for shareholders. The company has decided to distribute a dividend of $0.42 per share today, which equates to an annualized dividend yield of 4.02%.
When comparing Bank of New York Mellon's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer FS KKR Capital having the highest annualized dividend yield at 13.48%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Bank of New York Mellon demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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