Are You Looking for a High-Growth Dividend Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
0mins
Source: NASDAQ.COM
Investment Focus on Dividends: Income investors prioritize generating consistent cash flow through dividends, which significantly contribute to long-term returns, with The Bank of New York Mellon Corporation currently offering a dividend yield of 2.83% and a strong growth outlook.
Company Performance and Outlook: BK has increased its annualized dividend by 19% from last year and expects solid earnings growth for the upcoming fiscal year, making it an attractive investment opportunity with a Zacks Rank of #2 (Buy).
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Analyst Views on BK
Wall Street analysts forecast BK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BK is 125.59 USD with a low forecast of 109.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 121.490
Low
109.00
Averages
125.59
High
145.00
Current: 121.490
Low
109.00
Averages
125.59
High
145.00
About BK
The Bank of New York Mellon Corporation is a global financial services company. The Company’s business segment includes Securities Services, Market and Wealth Services and Investment and Wealth Management. The Securities Services business segment consists of Asset Servicing and Issuer Services, which provide business solutions across the transaction life cycle to its global asset owner and asset manager clients. The Market and Wealth Services business segment consists of three lines of business, Pershing, Treasury Services and Clearance and Collateral Management, which provide business services and technology solutions. Its Investment and Wealth Management business segment deliver a diversified portfolio of investment strategies independently, and through its global distribution network, to institutional and retail clients globally. It provides investment management, custody, wealth and estate planning, private banking services, investment servicing and information management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BNY Partners with Williams F1 Team for Long-Term Collaboration
- Partnership Announcement: BNY and the Williams F1 Team have announced a long-term partnership, leveraging their shared commitment to excellence and innovation to drive future success, particularly with the upcoming era of new F1 regulations.
- Market Influence Enhancement: By collaborating with Williams, BNY aims to utilize the global reach of F1 to strengthen client relationships and enhance brand visibility in key financial hubs, potentially attracting more financial clients.
- Brand Exposure Opportunities: BNY's branding will be featured on Williams' cars and team gear, including the drivers' Halo and chassis design, with the first appearance set for the 2026 season opener, further boosting brand recognition in the market.
- Strategic Vision Alignment: The shared values of innovation and operational efficiency between the two organizations will foster future collaboration, with BNY's global financial services platform supporting Williams in achieving long-term success on the F1 circuit.
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BNY Partners with Williams F1 Team for Long-Term Collaboration
- Partnership Announcement: BNY and the Williams F1 Team have established a long-term partnership, leveraging their respective legacies of 242 years in global capital markets and nearly 50 years in Formula 1 to drive innovation and performance together.
- Market Opportunity: This collaboration allows BNY to engage with financial audiences through unique branding opportunities across 24 races, utilizing Formula 1 as a global platform to strengthen client relationships and enhance brand visibility.
- Brand Visibility: BNY's branding will feature prominently on the Williams F1 Team's driver and team kits, including key placements on the chassis and Halo, with the debut set for February 3rd during the team's livery launch, aiming to capture global audience attention.
- Future Aspirations: The Team Principal of Williams expressed enthusiasm for collaborating with BNY to explore innovative opportunities, aiming for long-term success both on the track and in global markets, reflecting a shared commitment to high performance and innovation.
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