NEW YORK (

TheStreet

) -- The ex-dividend date for

Bank of New York Mellon

(NYSE:

BK

) is tomorrow, April 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $28.46 as of 9:31 a.m. ET, the dividend yield is 1.8%.

The average volume for Bank of New York Mellon has been 6.8 million shares per day over the past 30 days. Bank of New York Mellon has a market cap of $35.3 billion and is part of the

financial

sector and

financial services

industry. Shares are down 6.1% year to date as of the close of trading on Monday.

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The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company's Asset Management segment offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. The company has a P/E ratio of 13.2, below the average financial services industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Bank of New York Mellon as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Bank of New York Mellon Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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