Dividend Stability in Financial Services: The Case for Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation (NYSE:BK) is included among the 11 Best Bank Dividend Stocks to Buy.

The Bank of New York Mellon Corporation (NYSE:BK), an American bank holding company with a history spanning over 240 years, has established itself as a trusted provider of innovative financial solutions for businesses, communities, and individuals across the globe.

In its latest quarterly results, The Bank of New York Mellon Corporation (NYSE:BK) reported an increase in average assets, largely attributed to deposit growth. The CET1 ratio stood at 11.5% at the close of the quarter, consistent with the previous period. During the second quarter, BNY Mellon returned $1.2 billion in capital to common shareholders, bringing the year-to-date total payout ratio to 92%.

The Bank of New York Mellon Corporation (NYSE:BK)’s dividend history makes it an appealing option for income investors. The company currently pays a quarterly dividend of $0.53 per share and has a dividend yield of 1.96%, as of September 24. Overall, BK has increased its payouts for 15 years in a row, which makes it one of the best dividend stocks in the banking sector.

While we acknowledge the potential of BK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.