The Bank of New York Mellon Corporation announced a regular quarterly dividend of $0.19, a 12 percent increase from the prior rate of $0.17 per share. The dividend will be paid at the new higher rate on August 12, 2016, to shareholders of record at close of business on August 2, 2016.
Analysis of Valuation of The Bank of New York Mellon Corp. (Symbol BK).
Bank of New York is trading at the top of its average price/book value (P/BV) range. Bank of New York is trading below its average historical dividend yield.
|Price 7/21/16||% Yield||5 Year Div. Growth Rate||BV 2016||P/BV Ratio||10 yr P/BV Low||10 yr P/BV High||5 yr max Yield %||5 yr lowest Yield %|
The Bank of New York Mellon Corp. Dividend Yield Chart (Click to enlarge)
Explanation: Dividend growth financial stocks may be valued upon historical relative price/book value and current yield analysis. Dividend financial stocks trading at a low historical price/book value (P/BV) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/BV ratio stocks. Max P/BV price target is based upon company reaching its highest historical P/BV ratio. Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years. Further information on dividend investing and evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles