Recent Updates — BK
The Bank of New York Mellon Corporation announced an intention to increase its quarterly common share dividend from $0.53 to $0.63 per share, a 19% increase, starting as early as the third quarter of 2026, pending Board approval. The company's Stress Capital Buffer requirement has remained at the 2.5% floor, as per the Federal Reserve's 2026 stress test results. The Bank of New York Mellon Corporation is a global financial services company providing investment and asset management, and custody, and trust services.
The Bank of New York Mellon Corporation filed a Certificate of Elimination with the Delaware Secretary of State on June 23, 2026. This filing removes all matters regarding the Series H Noncumulative Perpetual Preferred Stock from the company's Restated Certificate of Incorporation following the redemption of all outstanding Series H shares on June 20, 2026. The company is a global financial services provider.
On June 12, 2026, The Bank of New York Mellon Corporation announced the redemption of 5,825 shares of its Series H Noncumulative Perpetual Preferred Stock and all corresponding depositary shares, effective June 20, 2026. The company operates in the financial services industry as a global custodian and asset management bank.
The Bank of New York Mellon Corporation issued $1.5 billion in new senior medium-term notes, consisting of $750 million due 2032 at a 4.540% rate and $750 million due 2037 at a 5.085% rate. This issuance of callable debt provides the company with additional long-term capital and will impact its future interest expense and overall capital structure.
The Bank of New York Mellon Corporation has released its financial results for the first quarter ended March 31, 2026, and will host a conference call to discuss the performance and company outlook. This filing is a primary driver of investor interest as it provides the latest quarterly earnings data and management's guidance.
The Bank of New York Mellon Corporation is issuing Series M Noncumulative Perpetual Preferred Stock through a public offering of 500,000 depositary shares, featuring a $100,000 liquidation preference per share. The issuance includes provisions that restrict the company from paying dividends on common stock or junior securities if Series M dividends are not declared or paid. This matters to investors because it introduces new conditional constraints on the company's ability to distribute dividends to common shareholders.