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|October 27th Options Now Available For Bank of New York Mellon (BK)
Thursday, September 7, 10:51 AM ET, by Market News Video Staff
Investors in Bank of New York Mellon Corp (BK) saw new options become available today, ...
Bank of New York Mellon Enters Oversold Territory
Thursday, September 7, 4:03 PM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
Notable ETF Outflow Detected - KBE, BK, VOYA, PNC
Wednesday, September 13, 10:46 AM ET, by Market News Video Staff
Symbols mentioned in this story: KBE, BK, VOYA, PNC Exchange traded funds (ETFs) trade just ...
Short Sellers Drawn To These Five Nelson Peltz Holdings
Wednesday, September 13, 1:51 PM ET, by Market News Video Staff
An examination of the most recent short interest data revealed these five Nelson Peltz stocks ...
Interesting BK Put And Call Options For November 17th
Monday, September 18, 11:17 AM ET, by Market News Video Staff
Investors in Bank of New York Mellon Corp (BK) saw new options begin trading today, ...
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.
See what other ETFs contain BK »
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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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