Finance

Stock News Spotlight: The Bank of New York Mellon Corporation (NYSE:BK)

The Bank of New York Mellon Corporation (NYSE:BK) stock identified change of 15.30% away from 52-week low price and recently located move of -13.91% off 52-week high price. It has market worth of $43.89BM and dividend yield of 2.65%. BK stock has been recorded -6.16% away from 50 day moving average and 0.24% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.92% off 20-day moving average.

 On Jan. 16, 2020, The Bank of New York Mellon Corporation (NYSE:BK) disclosed 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 February 7, 2020 to shareholders of record as of the close of business on January 27, 2020.

Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in March 2020, in each case payable on March 20, 2020 to holders of record as of the close of business on March 5, 2020:

  • $1,011.11 per share on the Series A Preferred Stock (equivalent to $10.1111 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock);
  • $1,300.00 per share on the Series C Preferred Stock (equivalent to $0.3250 per depositary share, each representing a 1/4,000th interest in a share of the Series C Preferred Stock); and
  • $2,312.50 per share on the Series F Preferred Stock (equivalent to $23.1250 per depositary share, each representing a 1/100th interest in a share of the Series F Preferred Stock).

 The Financial sector company, The Bank of New York Mellon Corporation noticed change of -7.83% to $46.72 along volume of 12320641 shares in recent session compared to an average volume of 4.09M. The stock observed return of -9.25% in 5 days trading activity. The stock was at -6.86% over one month performance. BK’s shares are at 5.13% for the quarter and driving a -7.36% return over the course of the past year and is now at -7.17% since this point in 2018.   The average volatility for the week at 1.42% and for month was at 1.16%. There are 939.35M shares outstanding and 919.89M shares are floated in market. Right now the stock beta is 1.08. 

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