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Bank Of New York Mellon Corp Declares Dividend


Tuesday, 9 Apr 2013 04:10pm EDT 

Bank Of New York Mellon Corp announced that its board of directors has approved a 15% increase in its quarterly common stock dividend, from $0.13 per share to $0.15 per share. This increased quarterly common stock dividend is payable on May 7, 2013 to shareholders of record as of the close of business on April 29, 2013. BNY Mellon also declared these preferred stock dividends for the dividend period ending in June 2013: $1,022.22 per share on the Series A Noncumulative Perpetual Preferred Stock, liquidation preference $100,000 per share (equivalent to approximately $10.22 per Normal Preferred Capital Security of Mellon Capital IV, each representing 1/100th interest in a share of Series A Preferred Stock), payable on June 20, 2013 to holders of record as of the close of business on June 5, 2013. All of the outstanding shares of the Series A Preferred Stock are owned by Mellon Capital IV, which will pass through the June dividend on the Series A Preferred Stock on a proportionate basis to the holders of record, as of the close of business on June 5, 2013, of its Normal Preferred Capital Securities: $1,300 per share on the Series C Noncumulative Perpetual Preferred Stock, liquidation preference $100,000 per share (equivalent to approximately $0.33 per depositary share, each representing a 1/4,000th interest in a share of the Series C Preferred Stock), payable on June 20, 2013 to holders of record as of the close of business on June 5, 2013.