10 Dividend Stocks with Sustainable Payout Ratios

7. The Bank of New York Mellon Corporation (NYSE:BK)

5-Year Average Payout Ratio: 35.77%

The Bank of New York Mellon Corporation (NYSE:BK) is an American financial services company, headquartered in New York. The company reported solid earnings in the first quarter of 2025. Its revenue came in at $4.8 billion, which showed a 6% growth from the same period last year. The company reported average deposits of $283 billion, reflecting a 1% increase compared to the previous year and a 1% decrease from the previous quarter. In addition, its Tier 1 leverage ratio stood at 6.2%, marking a 35 basis point year-over-year improvement and a 50 basis point increase from the prior quarter.

The Bank of New York Mellon Corporation (NYSE:BK) was formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, and it became the world’s largest custodian bank. Unlike traditional banks that offer services like accepting deposits and issuing loans, BNY Mellon specializes in providing security services to asset owners, including other financial institutions. In the past 12 months, the stock has surged by over 40%.

The Bank of New York Mellon Corporation (NYSE:BK) is a solid dividend payer and has always remained committed to returning value to shareholders. In the most recent quarter, the company distributed $1.1 billion to shareholders, including $343 million in dividends. Currently, its dividend amounts to $0.47 per share for a dividend yield of 2.46%, as of April 17. The company has raised its dividend payments for 14 years in a row.