Bank of New York Mellon hikes dividend by 18.9%
The latest increase extends Bank of New York Mellon's dividend growth streak to 16 consecutive years. It is also the fourth consecutive year with a double-digit dividend increase, reinforcing the bank's status as a Dividend Hero. At a share price of $157.00, the annualized dividend yield is approximately 1.6%. The ex-dividend date is July 27, 2026.
Bank of New York Mellon has now increased its dividend for 16 consecutive years. The latest 18.9% increase follows hikes of 12.8%, 11.9%, 13.5%, 8.8% and 9.7% in previous years. The chart also shows that the dividend was unchanged in 2020 before the current growth streak accelerated.
Bank of New York Mellon is a global financial services company specializing in custody, asset servicing, investment management, treasury services and wealth management for institutions and individuals.
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