Bank of New York Mellon pays dividend to investors | message

The Bank of New York Mellon Corp. (ISIN: US0640581007, NYSE: BK) is paying a quarterly dividend of 31 US cents to its shareholders on Tuesday. The record date was October 28, 2020.

Projected over the year, US $ 1.24 will be paid out. This corresponds to a current dividend yield of 3.17 percent at the current share price of 39.16 US dollars (as of November 9, 2020).

In the third quarter of 2020, the bank achieved a profit of 876 million US dollars (previous year: 1 billion US dollars). 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. It employs over 50,000 people.

The stock has been down 22.19 percent on Wall Street since the beginning of 2020 and currently has a market capitalization of 34.7 billion US dollars (as of November 9, 2020).

Saskia Haaker, Redaktion MyDividends.de

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