BNY Mellon Issues Series O Preferred Stock With Dividend Protections
Filed with the SEC on · Summarized by InvestorsBot
On October 28, 2026, BNY Mellon issued Series O Noncumulative Perpetual Preferred Stock with a $100,000 liquidation preference and $0.01 par value per share. If the company fails to declare and pay, or set aside, dividends for the most recent dividend period, it will face restrictions on paying dividends on, buying back, redeeming or otherwise acquiring common stock and other securities ranking below the Series O preferred stock.