BNY plans 19% dividend increase following Federal Reserve stress test

Bank of New York Mellon Corporation (NYSE: BNY) announced its intention to raise its quarterly cash dividend on common shares by 19%, from $0.53 to $0.63 per share, starting as early as the third quarter of 2026, pending approval by the company's Board of Directors.

The announcement followed the Federal Reserve's release of its 2026 bank stress test results on June 24, 2026. BNY's Stress Capital Buffer requirement has remained at the 2.5% floor since the SCB requirement was introduced in 2020. The Federal Reserve announced on February 4, 2026, that current SCBs will remain in effect until 2027, when new requirements may be calculated using models that incorporate public feedback.

"The Federal Reserve's annual stress tests highlight the resilience of BNY's business model, the strength of our balance sheet and our disciplined approach to risk management, which allow us to support clients through economic and market cycles," said Robin Vince, CEO of BNY.

BNY also noted that its existing share repurchase program, approved by the Board of Directors in April 2026, remains authorized. The timing, manner, and amount of repurchases are subject to factors including the company's capital position and prevailing market conditions.

You May Also Be Interested In

• Zscaler to cut 3% staff
• Boeing wins $31.5M Navy contract for P-8A sustainment
• Lockheed Martin secures $41.8M in Navy contracts