The Bank of New York Mellon Corporation
BNYFinancial Services · Stock · quarterly payer
Forward Yield
1.35%
Annual Dividend
$2.22
Payout Ratio
25%
5-Yr Growth
10.0%
Ex-Date
Jul 27, 2026
Frequency
Quarterly
Summary
As of September 2026, The Bank of New York Mellon Corporation (BNY) yields 1.35% ($2.22 per share annually), with a blended fair-value estimate of $365.62 — +122% upside, so it screens as undervalued. Dividend safety grade: A (86/100). 15 years of dividend growth.
Is BNY a good dividend stock?
YesThe Bank of New York Mellon Corporation (BNY) pays a quarterly dividend yielding 1.35% ($2.22/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Comfortable payout ratio (25%)
- Strong 10.0% 5-yr dividend growth
- 218% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 1.35%
- Payout Ratio
- 25%
- Annual Dividend
- $2.22
- 5-Yr Avg Growth
- 10.0%
- Ex-Dividend Date
- Jul 27, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 1.05
- Market Cap
- $111.8B
- P/E Ratio
- 19.2
- 5-Yr Total Return
- 218%
- 52-Week Range
- $102.63 – $165.84
- Dividend Safety
- A · 86/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
BNY Price — Last 12 Months
Daily close
Price Return
1 Year
+51%
3 Years
+286%
5 Years
+218%
52-Week Range
$102.63 – $165.84
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BNY worth?
Undervaluedlow confidenceOur blended fair-value estimate for The Bank of New York Mellon Corporation is $365.62 per share, versus a market price of $164.84. That implies 122% of upside — a margin of safety of about 55%.
Fair Value
$365.62
Current Price
$164.84
Upside
+122%
Margin of Safety
55%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 11.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.5% discount rate (CAPM), 11.1% stage-1 growth, 2.5% terminal growth, $8.57 EPS, $2.22 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BNY Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 27, 2026 | — | $0.6300 | regular |
| Apr 27, 2026 | — | $0.5300 | regular |
| Jan 23, 2026 | — | $0.5300 | regular |
| Oct 27, 2025 | — | $0.5300 | regular |
| Jul 25, 2025 | — | $0.5300 | regular |
| Apr 21, 2025 | — | $0.4700 | regular |
| Jan 27, 2025 | — | $0.4700 | regular |
| Oct 21, 2024 | — | $0.4700 | regular |
| Jul 22, 2024 | — | $0.4700 | regular |
| Apr 25, 2024 | — | $0.4200 | regular |
| Jan 19, 2024 | — | $0.4200 | regular |
| Oct 26, 2023 | — | $0.4200 | regular |
| Jul 27, 2023 | — | $0.4200 | regular |
| Apr 27, 2023 | — | $0.3700 | regular |
Income Calculator
At $2.22 / yr per share
