Looking at the universe of stocks we cover at Dividend Channel, on 7/26/21, Bank of New York Mellon Corp (Symbol: BK) will trade ex-dividend, for its quarterly dividend of $0.34, payable on 8/9/21. As a percentage of BK's recent stock price of $49.65, this dividend works out to approximately 0.68%, so look for shares of Bank of New York Mellon Corp to trade 0.68% lower — all else being equal — when BK shares open for trading on 7/26/21.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BK is likely to continue, and whether the current estimated yield of 2.74% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BK shares, versus its 200 day moving average:
Looking at the chart above, BK's low point in its 52 week range is $32.65 per share, with $52.90 as the 52 week high point — that compares with a last trade of $49.78.
Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Bank of New York Mellon Corp shares are currently down about 0.8% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.