The Bank of New York Mellon Corporation Dividends
The next dividend date for The Bank of New York Mellon Corporation has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for The Bank of New York Mellon Corporation (BK)
More About The Bank of New York Mellon Corporation
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing, payables management, and trade finance, as well as U.S. government and global clearing, and tri-party services. The Investment and Wealth Management segment offers investment management strategies, investment products distribution, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment provides leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, tax credit investment, other corporate investment, and business exit services. The company serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Owning The Bank of New York Mellon Corporation Stock on the Dividend Date
If you own The Bank of New York Mellon Corporation stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of The Bank of New York Mellon Corporation stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of The Bank of New York Mellon Corporation stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying The Bank of New York Mellon Corporation stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the The Bank of New York Mellon Corporation dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More The Bank of New York Mellon Corporation Dividends
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