Bank of New York (BK) Raises Quarterly Dividend 26.3% to $0.24; $3.1B Buyback

Bank of New York (NYSE: BK) declared a quarterly dividend of $0.24 per share, or $0.96 annualized. This is a 26.3% increase from the prior dividend of $0.19. The dividend will be payable on August 11, 2017, to stockholders of record on August 1, 2017, with an ex-dividend date of July 28, 2017. The annual yield on the dividend is 1.8 percent.

Approves repurchase of up to $3.1 billion of common stock, including the repurchase of $500 million of common stock contingent upon a preferred stock issuance, over the next four quarters.

For a dividend history and other dividend-related data on Bank of New York (BK) click here.

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