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The Daily Dividend 7/2/25

July 02, 2025

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It’s a banking bonanza!!!

All the major banks, and some of the not-so-major ones, are announcing dividend raises. And we’re not talking penny ante boosts, either. Almost all these hikes blow inflation out of the water.

Here are three recent banking dividend raises, sorted from largest to smallest…

The Bank of New York Mellon Corporation ($BK) Raises Dividend By 13%

Banking stocks typically trade at low valuations. And The Bank of New York Mellon Corporation is no exception, despite the company’s long-term inflation-beating dividend growth.

The Bank of New York Mellon Corporation has a price to earnings ratio of 13.35 and a 5-year compound annual dividend growth rate of 8.68%.

This is a bank that’s been around since 1784 and carries a near $65 billion market cap.

And yesterday, The Bank of New York Mellon announced that they will raise their dividend by 13%, though the company didn’t provide any fixed dates beyond stating that the raise will go into effect “as early as the third quarter of 2025.”

The Bank of New York Mellon will now pay a quarterly dividend of $0.53/share.

  • Ex-dividend date: Q3, 2025

  • Payout date: Q3, 2025

  • Forward starting dividend yield: 2.33%

State Street Corporation ($STT) Raises Dividend By 11%

Here’s a financial juggernaut that never gets much press. State Street Corporation is a bank. But, the company also owns and operates the SPDR ETFs and index funds. So if you’re invested in an ETF like $SPY ( ▲ 0.54% ) or $SDY ( ▼ 0.24% ), you’re using a State Street product.

Like The Bank of New York Mellon Corporation, State Street Corporation trades at a low valuation.

The firm’s current price to earnings ratio is 11.18. And State Street’s 5-year compound annual dividend growth rate is 7.89%.

Also like The Bank of New York Mellon Corporation, State Street Corporation announced a dividend raise but hasn’t provided a fixed date yet. The company boosted their payout by 11%, saying that the raise will occur “in the third quarter of 2025.”

State Street Corporation will pay a $0.84/share quarterly dividend.

  • Ex-dividend date: Q3, 2025

  • Payout date: Q3, 2025

  • Forward starting dividend yield: 3.14%

Bank OZK ($OZK) Raises Dividend By 2.3%

A 2.3% dividend raise may not sound like much. And it certainly doesn’t beat inflation. However, Bank OZK maintains a unique dividend policy. the company raises their dividend every quarter.

Over the past 12 months, Bank OZK has actually increased its dividend by about 10%.

Yesterday, the firm announced their latest dividend and most recent dividend raise. Going forward, Bank OZK will pay a $0.44/share quarterly dividend.

  • Ex-dividend date: 7/11/25

  • Payout date: 7/18/25

  • Forward starting dividend yield: 3.6%

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