Bank Of New York Mellon Stock To Go Ex-dividend Tomorrow (BK)

NEW YORK ( TheStreet) -- The ex-dividend date for Bank of New York Mellon (NYSE: BK) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $23.43 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Bank of New York Mellon has been eight million shares per day over the past 30 days. Bank of New York Mellon has a market cap of $27.25 billion and is part of the financial sector and financial services industry. Shares are up 16.7% 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 11.1, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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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