NEW YORK ( TheStreet) -- The ex-dividend date for Bank of New York Mellon (NYSE: BK) is tomorrow, October 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 $21.17 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for Bank of New York Mellon has been 15.4 million shares per day over the past 30 days. Bank of New York Mellon has a market cap of $26.2 billion and is part of the financial sector and financial services industry. Shares are down 31.3% 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'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 9.8, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
- Practice your dividend trading strategies and win cash in our stock game.