Jul 02, 2007
50:53
For every 53 shares held, investors received 50. The price per share adjusted from $41.44 to $43.93.
The split itself did not change the total investment value.
The Bank of New York Mellon Corporation (NYSE:BNY) operates in the Investment banks/Brokers industry.
The Bank of New York Mellon Corporation company overviewThe Bank of New York Mellon Corporation's most recent stock split was on July 2, 2007. It was a 50-for-53 reverse split, so shareholders received 50 shares for every 53 they held.
The Bank of New York Mellon Corporation (NYSE:BNY) has split its stock 6 times: a 2-for-1 split on October 11, 1983, a 3-for-2 split on November 7, 1986, a 2-for-1 split on May 16, 1994, a 2-for-1 split on August 9, 1996, a 2-for-1 split on August 14, 1998, and a 50-for-53 reverse split on July 2, 2007.
The Bank of New York Mellon Corporation has split its stock 6 times. This history records 6 splits between October 11, 1983 and July 2, 2007.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In The Bank of New York Mellon Corporation's 50-for-53 reverse split on July 2, 2007, every 53 shares became 50 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
The Bank of New York Mellon Corporation has not announced a new split in our records. Its most recent split was on July 2, 2007, 19 years ago. Companies announce splits in advance, and any new NYSE:BNY split will appear on this page.