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|BK Crosses Below Key Moving Average Level
Monday, March 3, 11:26 AM ET, by Market News Video Staff
In trading on Monday, shares of Bank of New York Mellon Corp (BK) crossed below ...
May 2nd Options Now Available For Bank of New York Mellon Corp (BK)
Thursday, March 13, 11:57 AM ET, by Market News Video Staff
Investors in Bank of New York Mellon Corp (BK) saw new options begin trading today, ...
KBE, BPOP, BK, CMA: Large Inflows Detected at ETF
Wednesday, April 2, 11:00 AM ET, by Market News Video Staff
Symbols mentioned in this story: KBE, BPOP, BK, CMA Exchange traded funds (ETFs) trade just ...
BK Named Top 25 Socially Responsible Dividend Stock
Tuesday, April 8, 8:56 AM ET, by Market News Video Staff
Bank of New York Mellon Corp (BK) has been named a Top 25 Socially Responsible ...
Ex-Dividend Reminder: Zoetis Inc, Pembina Pipeline Corp and Bank of New York Mellon Corp
Monday, April 21, 10:56 AM ET, by Market News Video Staff
On 4/23/14, Zoetis Inc (ZTS), Pembina Pipeline Corp (PBA), and Bank of New York Mellon ...
Reminder: Bank of New York Mellon Corp's Series C Noncumulative Perpetual Preferred Stock Goes Ex-Dividend Soon
By Preferred Stock Channel Staff, Friday, August 30, 1:35 PM ET
On 9/3/13, Bank of New York Mellon Corp's Series C Noncumulative Perpetual Preferred Stock (NYSE:BK.PRC) will trade ex-dividend, for its quarterly dividend of $0.33, payable on 9/20/13. As a percentage of BK.PRC's recent share price of $21.38, this dividend works out to approximately 1.54%, so look for shares of BK.PRC to trade 1.54% lower — all else being equal — when BK.PRC shares open for trading on 9/3/13. On an annualized basis, the current yield is approximately 6.22%, which compares to an average yield of 5.67% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, BK.PRC was trading at a 15.00% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of BK.PRC shares, versus BK:
Below is a dividend history chart for BK.PRC, showing historical dividends prior to the most recent $0.33 on Bank of New York Mellon Corp's Series C Noncumulative Perpetual Preferred Stock:
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According to the ETF Finder at ETF Channel, Bank of New York Mellon Corp (NYSE:BK) makes up 4.88% of the Wide Moat ETF (MOAT) which is trading lower by about 0.6% on the day Friday.
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In Friday trading, Bank of New York Mellon Corp's Series C Noncumulative Perpetual Preferred Stock (NYSE:BK.PRC) is currently up about 0.6% on the day, while the common shares (NYSE:BK) are down about 0.4%.
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