The company said it intends to raise its quarterly common stock cash dividend by 12% to $0.47 per share from $0.42, subject to approval by its Board, with the increase starting as early as Q3 2024. The dividend increase is set to begin on June 28, 2024.

1. 01

   The company said it intends to raise its quarterly common stock cash dividend by 12% to $0.47 per share from $0.42, subject to approval by its Board, with the increase starting as early as Q3 2024. The dividend increase is set to begin on June 28, 2024.

2. 02

   The company said the Federal Reserve notified it that its preliminary Stress Capital Buffer (SCB) requirement will remain at 2.5%, equal to the regulatory floor. The company said this SCB is expected to apply from October 1, 2024 to September 30, 2025.

3. 03

   BNY Mellon said it continues to be authorized to repurchase common shares under its existing share repurchase program approved by its Board, as announced in January 2023 and April 2024. Repurchases may be made through open market purchases, privately negotiated transactions or other means.

4. 04

   The company said the timing, manner and amount of share repurchases depend on various factors, including its capital position and prevailing market conditions. Repurchases may also be executed under plans designed to comply with Rule 10b5-1, and through derivative, accelerated share repurchase and other structured transactions.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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