Bank of New York Mellon: Dividend Insights
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon (NYSE:BK) announced a quarterly dividend of 42 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on February 02, 2024. The stock is expected to open 42 cents lower on the ex-dividend date.
January 16, 2024 | 2:45 pm
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Bank of New York Mellon (NYSE:BK) is set to pay a quarterly dividend of 42 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of Bank of New York Mellon is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and is typically a temporary adjustment rather than a reflection of the company's fundamentals.
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