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|BK Crosses Below Key Moving Average Level
Thursday, July 21, 11:08 AM ET, by Market News Video Staff
In trading on Thursday, shares of Bank of New York Mellon Corp (BK) crossed below ...
Ex-Dividend Reminder: Tompkins Financial, Bank of New York Mellon and MPLX
Wednesday, July 27, 10:02 AM ET, by Market News Video Staff
On 7/29/16, Tompkins Financial Corp (TMP), Bank of New York Mellon Corp (BK), and MPLX ...
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Monday, August 1, 7:49 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
See Which Of The Latest 13F Filers Holds Bank of New York Mellon
Friday, August 12, 9:16 AM ET, by Market News Video Staff
At Holdings Channel, we have reviewed the latest batch of the 27 most recent 13F ...
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An examination of the most recent short interest data revealed these five Nelson Peltz stocks ...
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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