By the close of today, March 08, 2024, Bank of New York Mellon (NYSE:BK) will issue a dividend payout of $0.42 per share, resulting in an annualized dividend yield of 3.19%. Only those investors who owned the stock prior to the ex-dividend date on January 19, 2024 will receive this payout.
Bank of New York Mellon Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-19 | 4$0.42 | 3.19% | 2024-01-12 | 2024-01-22 | 2024-02-02 | |
| 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 |
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 (NYSE:FSK) having the highest annualized dividend yield at 14.56%.
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
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.24 in 2020 to $1.58 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Bank of New York Mellon
Investors can observe a growth in earnings for Bank of New York Mellon from 2020 to 2023, as earnings per share increased from $4.05 to $5.08. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we delve into Bank of New York Mellon's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.42 per share today, resulting in an annualized dividend yield of 3.19%.
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 14.56%.
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 informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Click here]( to find details on Bank of New York Mellon's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.