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The Bank of New York Mellon Corp. (ISIN: US0640581007, NYSE: BK) is paying a quarterly dividend of 31 US cents to its shareholders, as reported on Friday. The payment will be made on November 10, 2020 (record date: October 28, 2020).
Extrapolated to the year, US $ 1.24 will be paid out. This corresponds to a current dividend yield of 3.26 percent at the current share price of 38.02 US dollars (as of October 16, 2020).
In the third quarter of 2020, the bank generated a profit of $ 876 million (previous year: $ 1 billion), as was also reported on Friday. Revenue was $ 3.85 billion compared to $ 3.86 billion a year ago.
The Bank of New York was founded by Alexander Hamilton in 1784 and merged with Mellon Financial Corporation in 2007. Since then, the group has operated under the name The Bank of New York Mellon Corporation. Over 50,000 people are employed.
The share has been down 24.46 percent on Wall Street since the beginning of 2020 and currently has a market capitalization of $ 33.7 billion (as of October 16, 2020).
Saskia Haaker, Redaktion MyDividends.de
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