07:53 AM EDT, 07/12/2024 (MT Newswires) -- Bank of New York Mellon ( BK ) said Friday it raised its quarterly common stock dividend to $0.47 per share from $0.42, payable on Aug. 2 to shareholders of record as of July 22.

The bank also declared $1,577.81 per share on its Series A preferred stock, $2,312.50 per share on Series F and $2,350.00 per share on Series G. Series H and I will pay $925.00 and $937.50 per share, respectively, BNY said.

Dividends on the preferred stock are payable Sept. 20 to shareholders of record as of Sept. 5, according to BNY.

Price: 61.80, Change: +0.33, Percent Change: +0.54