06/24/2026 | Press release | Distributed by Public on 06/24/2026 14:36
| ITEM 8.01. |
OTHER EVENTS. |
On June 24, 2026, The Bank of New York Mellon Corporation (the "Company") announced its intention to increase its quarterly cash dividend on its common shares by 19% from $0.53 to $0.63 per share, commencing as early as the third quarter of 2026, subject to approval by the Company's Board of Directors (the "Board").
On June 24, 2026, the Federal Reserve released the results of its 2026 bank stress test. The Company's Stress Capital Buffer ("SCB") requirement has consistently remained at the 2.5% floor since the introduction of the SCB requirement in 2020. As the Federal Reserve announced on February 4, 2026, the current SCBs will continue to apply until 2027, when new requirements can be calculated based on models that take public feedback into consideration.
The Company continues to be authorized to repurchase common shares under its existing share repurchase program approved by the Board, as announced in April 2026. The repurchases of common stock may be executed through open market purchases, in privately negotiated transactions or by other means, including through repurchase plans designed to comply with Rule 10b5-1 and through derivative, accelerated share repurchase and other structured transactions. The timing, manner and amount of repurchases are subject to various factors, including the Company's capital position and prevailing market conditions.
The information presented in this Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the Company's repurchases of common stock, common stock dividends, capital base, performance, ability to meet regulatory requirements and expectations regarding the impact of the Federal Reserve's notices of proposed rulemaking on the Company's SCB. These statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of the Company's control and subject to change. Actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors, including, but not limited to, the factors identified above and the risk factors and other uncertainties set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and the Company's other filings with the Securities and Exchange Commission. All statements in this Current Report on Form 8-K speak only as of the date of this filing, and the Company undertakes no obligation to update the information to reflect events or circumstances that arise after that date or to reflect the occurrence of unanticipated events.