Summary
This 8-K filing from The Bank of New York Mellon Corporation (BK) primarily serves to correct a previously disclosed dividend amount for its Series A Noncumulative Perpetual Preferred Stock. The company has revised the dividend for the period from June 20, 2012, through September 19, 2012, to $1,022.22 per share, an increase from the initially reported $1,000 per share. This dividend, payable on September 20, 2012, is owned by Mellon Capital IV, which will subsequently pass it through to the holders of its Normal Preferred Capital Securities. Investors should note this clarification as it impacts the expected dividend distribution for holders of the related securities.
Key Highlights
- 1Correction of dividend amount for Series A Noncumulative Perpetual Preferred Stock.
- 2Revised dividend declared for the period June 20, 2012 - September 19, 2012, is $1,022.22 per share.
- 3Original dividend announcement of $1,000 per share was superseded.
- 4Dividend is payable on September 20, 2012.
- 5The Series A Preferred Stock is entirely owned by Mellon Capital IV.
- 6Mellon Capital IV will pass through the dividend to its Normal Preferred Capital Securities holders.
- 7Record date for the pass-through dividend is September 5, 2012.