Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

.

NEW YORK (

TheStreet

) -- The ex-dividend date for

Bank of New York Mellon

(NYSE:

BK

) is tomorrow, October 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $24.52 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Bank of New York Mellon has been 6.1 million shares per day over the past 30 days. Bank of New York Mellon has a market cap of $29.12 billion and is part of the financial sector and financial services industry. Shares are up 23.8% year to date as of the close of trading on Tuesday.

The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company 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 12.8, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Bank of New York Mellon as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. 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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