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BNY Mellon Declares Dividends
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NEW YORK, April 16, 2021 /PRNewswire/ The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:
Common – a quarterly common stock dividend of $0.31 per share, payable on May 11, 2021 to shareholders of record as of the close of business on April 28, 2021.
Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in June 2021, in each case payable on June 21, 2021 to holders of record as of the close of business on June 5, 2021:
Madelyn-mchughMagda-palczynskaYork-mellon-corporationNew-york-mellon-corporationPreferred-stockNormal-preferred-capital-securityMellon-capitalSeriesd-preferred-stockSeriese-preferred-stockSeriesh-preferred-stockBny-mellonfee revenue and other revenue. Prior periods have been reclassified.
See Reporting Changes beginning on page 9 for additional information.
KEY DRIVERS
Total revenue includes corporate treasury and other investment activity, including hedging activity which offsets between fee and other revenue and net interest expense. Other revenue decreased year-over-year and sequentially, primarily reflecting an impairment of a renewable energy investment. The sequential decrease in other revenue was partially offset by a loss on a sale of a business recorded in 4Q20.
Noninterest expense increased year-over-year primarily reflecting higher staff expense. The sequential decrease primarily reflects real estate charges and severance expense both recorded in 4Q20, partially offset by higher other staff expense.
CanadaUnited-kingdomBritishCanadianTodd-gibbonsMadelyn-mchughMagda-palczynskaEmily-portneyExchange-commissionYork-mellon-corporationInvestment-servicesCanadian-imperial-bank