The Bank of New York Mellon Corporation announced its intention to increase its quarterly cash dividend on common shares by 19%, from $0.53 to $0.63 per share. This planned capital return follows the release of the Federal Reserve's 2026 bank stress test results and is subject to approval by the company's Board of Directors.
Key Details
- Proposed Dividend: The dividend is set to increase to $0.63 per share, a 19% rise from the current $0.53 per share.
- Timeline: The increase is planned to commence as early as the third quarter of 2026, pending board approval.
- Regulatory Context: The company's Stress Capital Buffer (SCB) requirement remains at the 2.5% minimum floor, a level it has consistently maintained since the requirement was introduced in 2020.
- Share Repurchases: BNY confirmed it continues to be authorized to repurchase common shares under its existing share repurchase program.