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|Notable Two Hundred Day Moving Average Cross - BK
Wednesday, October 15, 11:19 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Bank of New York Mellon Corp (BK) crossed below ...
Bank of New York Mellon Becomes Oversold
Wednesday, October 15, 11:55 AM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
June 2015 Options Now Available For Bank of New York Mellon (BK)
Monday, October 20, 12:35 PM ET, by Market News Video Staff
Investors in Bank of New York Mellon Corp (BK) saw new options begin trading today, ...
Bank of New York Mellon About To Put More Money In Your Pocket (BK)
Wednesday, October 22, 9:59 AM ET, by Market News Video Staff
On 10/24/14, Bank of New York Mellon Corp (BK) will trade ex-dividend, for its quarterly ...
iShares Russell 1000 Value ETF Experiences Big Inflow
Thursday, October 23, 11:06 AM ET, by Market News Video Staff
Symbols mentioned in this story: IWD, MDLZ, BK, UTX Exchange traded funds (ETFs) trade just ...
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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