The Bank of New York Mellon Corporation (NYSE:BK) declared quarterly dividend of $ 0.31 per share, or $ 1.24 annualized.
The dividend will be payable on November 10, 2020, to stockholders of record on October 28, 2020, with an ex-dividend date of October 27, 2020.
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The Bank of New York Mellon Corporation recently reported third quarter financial results on October 16, 2020, before market open, financial products and services provider outlined income for the third quarter of $ 0.98 per share, from the revenue of $ 3,847.00 million. The quarterly earnings shrunk 8.41 percent while revenues contracted 0.36 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.94 per share from $ 3831.46 million in revenue. The bottom line results beat street analysts by $ 0.04 or 4.26 percent, at the same time, top line results outshined analysts by $ 15.54 million or 0.41 percent.
Shares of The Bank of New York Mellon Corporation traded up $ 1.02 or 2.74 percent on Friday, reaching $ 38.25 with volume of 787.50 thousand shares. The stock opened down for the day at $ 36.27, after closing the previous day trading at $ 37.23.
According to the previous trading day, closing price of $ 37.23, representing a 41.02 % increase from the 52 week low of $ 26.40 and a 27.85 % decrease over the 52 week high of $ 51.60.
The company has a market capital of $ 33.88 billion and is part of the Financial Services sector and Asset Management industry.
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.