+ 2.69
+ 1.88%

Ex-Dividend Date Insight: Bank of New York Mellon

April 26, 2021 1:55 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

On April 16, 2021, Bank of New York Mellon (NYSE:BK) declared a dividend payable on May 11, 2021 to its shareholders. Bank of New York Mellon also announced that shareholders on the company’s books on or before April 28, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Bank of New York Mellon, whose current dividend payout is $0.31, has an ex-dividend date set at April 27, 2021. The payout equates to a dividend yield of 2.58% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company’s ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Bank of New York Mellon’s Dividend Performance

Over the past year, Bank of New York Mellon has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 27, 2020 the company’s payout was $0.31, which has returned to its value today. Bank of New York Mellon’s dividend yield last year was 3.58%, which has since decreased by 1.0%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more news on Bank of New York Mellon click here.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.



Related Articles

Barron's Latest Picks And Pans: Airbnb, Bank Stocks, Dividend Aristocrats And More

This weekend's Barron's offers the guidance of a variety of experts on what's ahead for the global economy and the markets. Another featured article examines why the Dividend Aristocrats may be the best bet now. read more

5 Value Stocks In The Financial Services Sector

What are Value Stocks? read more

Companies Suspend Dividends, Buybacks As Pandemic Weakens Market

Stress Test Finale: Everything You Need To Know About Banks Returning Profits To Shareholders