BNY dividend
BNY's declared dividend is $0.63 quarterly. From 2021 through 2025, BNY paid $20,242 million to shareholders against cumulative free cash flow of $20,078 million.
How much does BNY pay in dividends?
Dividends begin at the declared $0.63 quarterly rate. The base case therefore pays $2.52 per share in the first window and $2.80 in October 2028. It reaches $3.08 in October 2029. The bear case freezes at $2.52, while the bull case reaches $3.28.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 20,080 | 18,619 | 17,697 | 16,529 | 15,931 |
| Net income | 5,549 | 4,530 | 3,302 | 2,556 | 3,759 |
| EPS, diluted | 7.40 | 5.80 | 3.89 | 2.88 | 4.14 |
| Dividend per share | 2.00 | 1.78 | 1.58 | 1.42 | 1.30 |
Is BNY's dividend covered by its cash?
From 2021 through 2025, BNY paid $20,242 million to shareholders against cumulative free cash flow of $20,078 million. Free cash flow is usually cash left after operating needs and capital spending, but a bank constantly buys securities, takes deposits, issues debt and meets capital rules. That is why free cash flow was negative $782 million in 2024 even as shareholder payments continued.
Buybacks were the larger return. BNY repurchased $13,894 million of shares and paid $6,348 million in dividends during the period. In 2025, it paid $1,447 million in dividends and spent $3,535 million on repurchases. The diluted share count fell from about 788 million in 2023 to 717 million in 2025, so the buybacks reduced the number of shares dividing future profits. Whether they created value depends on the prices paid.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 5,177 | -782 | 4,692 | 13,722 | 1,623 |
| − Dividends paid | 1,447 | 1,348 | 1,262 | 1,165 | 1,126 |
| − Share buybacks | 3,535 | 3,064 | 2,604 | 124 | 4,567 |
| Paid to shareholders | 4,982 | 4,412 | 3,866 | 1,289 | 5,693 |
| Paid out, % of free cash flow | 96.2% | not meaningful | 82.4% | 9.4% | 350.8% |
What could change BNY's dividend?
The base’s 10% annual increase is below the latest 19% increase and reflects BNY’s history of annual dividend growth. The freeze reflects the fall in preliminary CET1 to 10.9%. A cut remains less likely because the first-quarter payout ratio was 24%.
What is BNY's dividend yield today?
Against today’s $142.09 share price, the October 2029 range runs from $86.70 in the bear case to $206.43 in the bull case. The bear probability is 30%, while the base probability is 50%. The bull probability is 20%.
| Today (Oct 16, 2026) | |
|---|---|
| Share price | 142.09 |
| Market value (calculated) | 95,612.08 |
| P/E, last 12 months (calculated) | 15.7x |
| Price to book (calculated) | 2.4x |
| Dividend yield (calculated) | 1.8% |
What this means. The “Today” share price is actually from October 15, because that was the latest price available when the report was prepared.