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Business Insider
23 minutes ago
- Business Insider
BNY Mellon plans to increase quarterly dividend 13% to 53c from 47c per share
The Bank of New York Mellon announced its intention to increase its quarterly cash dividend on its common shares by 13% from 47c to 53c per share, commencing as early as the third quarter of 2025, subject to approval by the company's Board of Directors. On June 27, 2025, the Federal Reserve released the results of its 2025 bank stress test, which underscore BNY's resilient business model and strong balance sheet. The Federal Reserve also notified the company that its preliminary Stress Capital Buffer requirement will remain 2.5%, equal to the regulatory floor. This SCB is expected to be effective from October 1, 2025, to September 30, 2026, under the current capital plan rule. Since the introduction of the SCB requirement in 2020, BNY's SCB has consistently remained at the 2.5% floor. The company does not anticipate any impact on its SCB requirement based on the Federal Reserve's notice of proposed rulemaking to reduce the volatility of the SCB requirement issued on April 17, 2025. Don't Miss TipRanks' Half-Year Sale


CBS News
24 minutes ago
- CBS News
St. Paul increases minimum wage, causing some small businesses to reevaluate
New minimum wage increases have taken effect in St. Paul. One of Yelp's top 100 ice cream spots nationwide, 2 Scoops says the changes could cause them to reevaluate their hiring model. "If we're paying more, then there's probably going to be a different expectation," Brian White Jr. said. The ice cream eatery on the corner of Selby and Milton prides themselves on employing those right out of high school. "They're doing work, but also we're doing work to teach them the job skills," said White. As of July 1, employees there will make at least $15 an hour, as 2 Scoops fits the small business category with between 6 and 100 employees. In 2018, St. Paul Mayor Melvin Carter signed the ordinance into law, implementing new rates based on business size over a scheduled time period. Micro businesses are also seeing an increase to $13.25 an hour on Tuesday. White says the long-term effects of this could be your price of two scoops, at two scoops, could get a little higher. "Which is something that we wouldn't be too happy about, but that's just kind of the natural cause and effect of business," White said. Carter took to X, saying, "No one working full time should struggle to make ends meet," and that the ordinance was signed as a "bold step in ensuring everyone has the chance to succeed." That success is something 2 Scoops says comes with a cost. "We consider ourselves a business of the community," White said. There are plans to phase in a minimum wage bump for city workers and bigger businesses, too. Those will be announced on Sept. 1 and go into effect at the start of the new year.
Yahoo
25 minutes ago
- Yahoo
Forget Energy Transfer? The Smartest High Yield Energy Stocks to Buy With $100 Right Now
The energy sector is known for being volatile. Geopolitical issues have left oil prices in an uncertain state. Investors can sidestep much of the energy sector's volatility with these two high yield stocks. 10 stocks we like better than Energy Transfer › Geopolitics is a risk for the markets that never seems to go away. It is a particularly acute issue for the energy sector, with a lot of oil coming out of the often geopolitically tense Middle East. This dynamic is clearly in the headlines today. But you can invest in the energy sector in a way that minimizes such risks. Here are two high-yield ways to do just that while you collect yields of up to 6.9%. The energy sector is largely broken down into three parts: the upstream, the midstream, and the downstream. The upstream is where oil and natural gas are produced. This segment is highly impacted by energy price swings. The downstream is where oil and natural gas get processed into chemicals and refined products, like gasoline. Oil and natural gas are key inputs, so commodity price swings have a huge impact on this segment. That said, many chemicals and refined products are also commodities, so there's often a double impact from commodity volatility in the downstream. The midstream is the big exception in the energy sector. Midstream companies own energy infrastructure like pipelines, storage, and transportation assets. These assets basically connect the upstream to the downstream and the rest of the world. Since most of the activity in this segment is really tied to moving energy commodities around, midstream companies tend to charge fees for the use of their assets. Demand for energy is more important than the price of energy in this business model. Demand for energy tends to be robust regardless of commodity prices because of how important energy is to modern life. All in, midstream companies generally have fairly reliable cash flows. That allows midstream companies to pay out generous dividends and support those dividends through the swings that frequently take place in the price of oil and natural gas. Investors looking for energy exposure without all of the geopolitical price risk should look at midstream players like Enterprise Products Partners (NYSE: EPD) and Enbridge (NYSE: ENB). But not all midstream companies are equally reliable, as the dividend histories behind Kinder Morgan (NYSE: KMI) and Energy Transfer (NYSE: ET) highlight. Each one of these high-yield stocks trades for well less than $100 a share. There are two stats that make Enterprise and Enbridge attractive income investments. The first is yield, with Enterprise offering a distribution yield of roughly 6.9% and Enbridge a dividend yield of about 6.1%. That said, these aren't the only high-yield midstream businesses you can buy. For example, Energy Transfer has an even higher yield of 7.2%. Before you jump on that lofty yield, you should take a look at 2020, which was a difficult one for oil prices thanks to the economic shutdowns used to slow the spread of the coronavirus pandemic. That was the year that Energy Transfer cut its distribution. Energy Transfer isn't the only midstream dividend stock to worry about. Kinder Morgan, which offers a lower 4% yield, fell short of its plans to raise its dividend by 25% in 2020, offering just a 5% hike instead. That seems reasonable, given the economic backdrop, but it comes after a dividend cut in 2016, the last time oil prices were in the dumps. And in 2016, Kinder Morgan cut after telling investors to expect an increase of up to 10%. To be fair, both Kinder Morgan and Energy Transfer used their dividend cuts to improve their financial conditions. But both Enterprise and Enbridge increased their disbursements in 2016 and 2020. And both have long been conservatively run, including having investment-grade-rated balance sheets. A strong financial foundation and a conservative operating ethos have allowed Enterprise to increase its distribution annually for 26 consecutive years and Enbridge to raise its dividend each year for 30 years. That reliability is the second reason that these two high-yielders stand out from the pack. And if you are going to put your hard-earned cash to work, even if it's just $100, you should probably stick with companies you can trust. There are clearly nuances to the businesses behind Kinder Morgan, Energy Transfer, Enterprise, and Enbridge. Some investors may even prefer Kinder Morgan and Energy Transfer based on their specific businesses. But if you are looking for income stocks you can trust in the volatile energy sector, North American midstream giants Enterprise and Enbridge stand out on the reliability front. Add in their lofty yields, and the choice should be pretty easy whether you are investing $100 or $100,000. Before you buy stock in Energy Transfer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Energy Transfer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Reuben Gregg Brewer has positions in Enbridge. The Motley Fool has positions in and recommends Enbridge and Kinder Morgan. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy. Forget Energy Transfer? The Smartest High Yield Energy Stocks to Buy With $100 Right Now was originally published by The Motley Fool