NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable February 29, 2024 to shareholders of record on February 14, 2024, with an ex-dividend date of February 13, 2024.     Fund     Ticker Monthly Distributio ...

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- Dreyfus, one of the largest liquidity managers and affiliate of BNY Mellon (NYSE: BK), celebrates the 50th anniversary of the launch of its first Dreyfus money market fund and the start of its journey as a trusted leader in the space. On January 28, 1974, Dreyfus introduced Dreyfus Liquid Assets, Inc., one of the first money market funds offered to investors. This year, BNY Mellon is also celebrating its 240-year anniversary and position as one of the pioneers of US f ...

Core View - BNY Mellon has launched a new cash management solution called Virtual Account-Based Solutions, designed to enhance clients' access and control over cash administration and reporting [1] Product Features - Virtual accounts are linked to physical accounts within the bank, enabling real-time reflection of incoming and outgoing payments with continuously updated transaction and balance history [1] - The solution offers flexibility by allowing clients to reflect desired account structures through virtual accounts instead of opening multiple physical accounts with different banks [1] - The solution supports automatic reconciliation of high volumes of incoming payments over USD wires and ACH networks, accurate identification of payment remitters, and reconciliation of receivables by client, business, invoice, etc [2] - It centralizes payment and collection functions across legal entities, supporting Payments on Behalf Of (POBO), Collections on Behalf Of (COBO), and In-House Bank structures [2] - The solution allows for the establishment of a hierarchy of virtual accounts exclusive to specific business units, properties, divisions, geographies, or purposes, providing a segregated view of cash and transactions [2] Industry Use Cases - The solution caters to various industry use cases, enabling financial institution clients to segregate physical Nostro accounts for end corporate clients to receive wires or ACH credits in the U S [3] - 54% of chief financial officers cite liquidity and cash management as a top challenge, highlighting the need for real-time visibility and control over banking accounts [3] Recent Developments - In October, BNY Mellon launched a White Labeling service for its LiquidityDirect platform, enabling financial institutions to offer their clients liquidity management solutions [3]

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on February 23, 2024, to shareholders of record at the close of business on February 8, 2024. The ex-dividend date is February 7, 2024. The previous distribution declared in December was $0.035 per share of common stock. The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income divi ...

One stock that might be an intriguing choice for investors right now is The Bank of New York Mellon Corporation (BK) . This is because this security in the Banks - Major Regional space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably ta ...

NEW YORK--(BUSINESS WIRE)--On January 24, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.015 per share of beneficial interest, payable on February 22, 2024, to shareholders of record at the close of business on February 7, 2024. The ex-dividend date is February 6, 2024. The previous dividend declared in December was $0.015 per share of beneficial interest. Important Information BNY Mellon Investment Adviser ...

NEW YORK--(BUSINESS WIRE)--Behavox, a leader in AI-driven compliance and security solutions, has announced its 2023 full-year results, showcasing a remarkable 58% growth in revenues, accelerating from the 34% growth in 2022. This significant increase is a testament to Behavox's innovation and leadership in the industry. Looking ahead, Behavox is poised to achieve profitability by March 2024, with expected revenue growth of 30-40% for the year. This optimistic outlook underscores our ongoing growth and st ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures ...

The Ascent program validated Obligo's ability to integrate with BNY Mellon's banking portal and serve its real estate clients NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Obligo, the fintech company that builds trust between renters and landlords through financial technology through its suite of security deposit solutions, announced the completion of its proof of concept as part of BNY Mellon's Ascent Program, which seeks out exceptional technology companies offering cutting-edge solutions for financial industry ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 17th:Taiwan Semiconductor (TSM) : This company which, is the world's largest dedicated integrated circuit foundry, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.Taiwan Semiconductor’s shares gained 13.9% over the last three month compared with the S&P 500’s gain of 10.7%. The company possesses a Mome ...