The Bank of New York Mellon Corporation Preferred Stock 6.15% Perpetual

The Bank of New York Mellon Corporation Preferred Stock 6.15% Perpetual is a type of fixed-income financial instrument offering investors a fixed dividend yield of 6.15%. Issued by The Bank of New York Mellon Corporation, one of the largest and oldest financial institutions in the United States, this preferred stock is designed to provide investors with steady income payments while functioning as a perpetual security, meaning it has no maturity date. As preferred stock, it holds a more senior claim to dividends than common stock, making it an appealing option for income-seeking investors. This security plays a crucial role in balance sheets by augmenting equity capital while benefiting from favorable tax treatment of dividends. Being an integral part of BNY Mellon's funding and capital strategy, it helps in maintaining financial leveraging capabilities, ensuring regulatory compliance, and supporting liquidity management in the banking sector.