The Bank of New York Mellon announced plans to raise its quarterly dividend 19% from 53 cents to 63 cents per share following the Federal Reserve's 2026 stress test results. The stress test reaffirmed that BNY remains well-capitalized even under a severely adverse economic scenario, giving it flexibility to return excess capital to shareholders. The latest hike extends a streak of increases including 12.8% in 2025, 12% in 2024, and 14% in 2023, while the payout ratio remains a modest 26%. BNY also has a $10-billion share repurchase program authorized in April 2026, replacing a nearly exhausted prior authorization. As of March 31, 2026, the company held cash and interest-bearing deposits of $190.1 billion against total debt of $53.3 billion.
The Bank of New York Mellon CorporationBNY announces 19% dividend increase and has $10B buyback authorization after strong stress test results.
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