NEW YORK -- Bank of New York Co. added a special 5-cent dividend to its regular quarterly payout of 45 cents a share. The 50-cent dividend is payable Nov. 5 to holders of record on Oct. 22.

The company said that if favorable earnings trends continue, it would consider an increase in the 45-cent dividend rate next year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.