secwatch.observer — SEC 8-K summary
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Issuer:     Bank of New York Mellon Corp (BK)
CIK:        0001390777
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001193125-24-172396
Event type: dividend
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

BNY Mellon intends to raise quarterly dividend 12% to $0.47; SCB remains at 2.5% floor
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- Plans to increase quarterly common dividend by 12% to $0.47 per share, subject to Board approval, as early as Q3 2024.
- Federal Reserve confirms preliminary Stress Capital Buffer stays at 2.5% (regulatory floor), effective Oct 2024–Sep 2025.
- Share repurchase program continues under existing authorizations from Jan 2023 and Apr 2024.
- Repurchases may be executed via open market, private transactions, 10b5-1 plans, or structured transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1390777/000119312524172396/0001193125-24-172396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1390777/000119312524172396/d827035d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-172396

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer