Bank of New York Mellon (BK) will raise its quarterly dividend by 13.3 percent to $0.17 per share in 2014. Last year the asset manager also hiked its dividend by two cents to 15 cents per share quarterly.
The Bank of New York Mellon Corporation is an investments company. BNY Mellon is a global company that manages and services assets for financial institutions, corporations and individual investors in 35 countries. BNY Mellon has two business segments, Investment Services and Investment Management. Established in 1784 by Alexander Hamilton, BK was the first company listed on the New York Stock Exchange.