A Historic Bank With Excellent Growth

But is the dividend safe? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

AN OXFORD CLUB PUBLICATION

View in browser SPONSORED Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024. Here's what you need to do now to profit. SAFETY NET Can Investors Rely on BNY Mellon's Dividend? Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Saying that Bank of New York Mellon (NYSE: BK) has a rich history is like saying the Broadway show Hamilton did OK at the box office. It's a massive understatement. The 240-year-old bank was actually founded by Alexander Hamilton - you know, the secretary of the Treasury who became the unlikely subject of a smash hit musical. (Who knows? Perhaps years from now, we'll all be tapping our toes to the catchy tunes from Yellen.) BNY Mellon is enormous, overseeing nearly $50 trillion in clients' assets, which is equal to just under half of the global GDP. So the company is big, it's well established and it pays a regular dividend, which currently yields around 3%. But can investors expect to keep receiving their dividends? The metric we use to analyze banks' dividends is net interest income (NII). This is the money that banks make from lending. They do collect fee income as well, but net interest income is the best way to decipher whether management is on the ball when it comes to lending practices. After a slight stumble during the pandemic, BNY Mellon's NII has been steadily growing and is expected to surge 27% in 2024, following 24% growth last year and 34% growth the year before. View larger image   SPONSORED 30 Years to Fill It... 10 Months to Drain It It took over 30 years to fill our emergency oil reserves. Yet Biden bled them dry... in just 10 months. All for political gain. A whopping 200 million barrels... gone in a flash. And it gets even worse from there... See how some unassuming Americans are about to pay big for Biden's mistake... and how others are preparing for the potential massive windfall. CLICK HERE. Meanwhile, the company paid out $1.26 billion in dividends in 2023 for a payout ratio of just 29%. This year, the total amount paid in dividends is expected to rise to over $1.3 billion, but with NII projected to surge, the payout ratio is forecast to drop to just 24%. BNY Mellon's dividend has been higher every year since 2013 - although the company hasn't technically raised the dividend every year in that span. Twice in the past decade, the company boosted the dividend in the middle of the year and didn't raise it again until two years later. However, the total dividend per share continued to rise each year. Here's an example from 2019 to 2021 to show you what I mean. View larger image   I know how I feel about that... but I want to hear from you. Does it concern you that BNY Mellon hasn't always raised its dividend every year? Do you still feel like you can trust the dividend? Click the button below to share your thoughts on the next page, and then scroll up to finish reading and get my grade. Share Your Thoughts and Finish Reading BUILD AND PROTECT YOUR WEALTH Get Marc's Top 5 Dividend Stocks (FREE PICKS) How "Whale Trades" Delivered +154% Overnight Is Your Portfolio at Risk Because of the Imminent $21 Trillion Meltdown? The Dividend with the Greatest Returns MORE FROM WEALTHY RETIREMENT Can Investors Rely on BNY Mellon's Dividend? Is This the End of the Big Tech Rally? A Brief History of the Markets Is Pfizer a "Buy" After Crashing Back to Earth? Facebook LinkedIn Email Share Push Alert SPONSORED The Most Important AI Stock NOBODY Is Talking About It's the inventor of the world's first AI-designed drugs to reach clinical trials. And Big Pharma is lining up to work with them. They have collaborations worth up to $6.8 billion with Merck, Sanofi, Bristol Myers Squibb and more. Yet the company now trades for less than $10. See why the man who bought Apple in '96... Netflix in 2005... and Amazon in 2005... says this is the #1 AI stock for the next 10 years. You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. Privacy Policy | Whitelist Wealthy Retirement | Unsubscribe © 2024 The Oxford Club, LLC All Rights Reserved The Oxford Club | 105 West Monument Street | Baltimore, MD 21201 North America: 877.808.9795 | International: +1.443.353.4621 Oxfordclub.com Nothing published by The Oxford Club should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. 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