Wednesday Is Your Last Chance To Buy Bank of New York Mellon Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon (NYSE:BK) has announced a quarterly dividend of 42 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 42 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 09, 2023.
October 23, 2023 | 2:45 pm
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Bank of New York Mellon's announcement of a 42 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
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