Bank of New York Mellon (BK) will raise its quarterly dividend by 16.7 percent to $0.28 per share in 2018. This marks the 8th consecutive year of dividend increases by BK.

The next dividend is payable on August 9, 2019 to shareholders of record as of the close of business on July 29, 2019. The new annual dividend of $1.12 per share yields 2.7% at the current stock price of $45.27.

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.