Bank of New York MellonNYSE: BK

BNY Mellon (BK) plans to increase quarterly cash dividend by 11.9% to 47 cents per share following the 2024 stress test results, which reflect a robust and resilient balance sheet and capital position.

Global expansion efforts and a solid balance sheet are expected to support BNY Mellon's (BK) top line. However, elevated expenses are worrisome.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes?

BOLD ® Future offers retail clients the opportunity to make a social impact through Dreyfus' flagship money fund in partnership with Howard University NEW YORK , June 5, 2024 /PRNewswire/ -- Dreyfus, BNY Mellon's affiliated liquidity manager, today announced the launch of BOLD® Future, a new share class for retail investors of the Dreyfus Government Cash Management fund. Building on the demand from institutional investors for BOLD, which stands for Black Opportunity for Learning and Development, BOLD Future will support Howard University's Graduation, Retention, and Access to Continued Excellence (GRACE) Grant by making an annual donation of 10% of the net revenue 1  of the share class to a dedicated scholarship within the GRACE Grant.

Are dividends a top perk for shareholders, and is The Bank of New York Mellon Corporation (BK) a strong contender in this area?

This is how The Bank of New York Mellon Corporation (BK) and Brown & Brown (BRO) have fared relative to their sector in the current year.

Are dividends the top advantage of being a shareholder? Finding a top-notch dividend stock can be challenging. Does The Bank of New York Mellon Corporation (BK) measure up?

BNY Mellon (BK) has agreed to sell its Canada business as it continues to prioritize expanding globally. The specific financial details of the deal have not been disclosed.

BNY Mellon's (BK) Q1 earnings were boosted by increased fee income and strong growth in AUM and AUC/A balances, but were dampened by a decrease in NIR and higher expenses.