BNY Mellon Raises Quarterly Dividend 44%, Plans to Repurchase $1.3B of Shares in 2011

The Bank of New York Mellon Corporation (BK) today announced a 44% increase in its quarterly dividend and plans to repurchase up to $1.3 billion worth of shares through the end of 2011. The board of directors authorized an increase in the quarterly dividend from 9c per share of BNY Mellon common stock to 13c [...]