M&T Bank Corporation Announces Increased Common Stock Dividend

(Neutral)

Rhea-AI Summary

M&T Bank Corporation (NYSE:MTB) announced a quarterly cash dividend increase to $1.30 per share, marking an 8% rise from the previous $1.20 per share. This dividend will be payable on March 31, 2023, to shareholders on record as of March 6, 2023. The increase reflects M&T's continued confidence in its financial health and commitment to returning value to shareholders.

Positive

Quarterly dividend increased by 8% to $1.30 per share.
Dividend payable on March 31, 2023, demonstrates commitment to shareholder value.

Negative

None.

News Market Reaction – MTB

+0.34%

+0.34% Session move

In the trading session that priced this news, MTB gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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02/22/2023 - 04:16 PM

BUFFALO, N.Y., Feb. 22, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.30 per share on its common stock. This represents an increase of $.10 per share, or 8 percent, from the previous $1.20 per share dividend paid in the fourth quarter of 2022. The dividend will be payable March 31, 2023 to shareholders of record at the close of business on March 6, 2023.

M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank.

Investor Contact:	Brian Klock
	(716) 842–5138

Media Contact:	Maya Dillon
	(646) 735-1958

View original content to download multimedia:https://www.prnewswire.com/news-releases/mt-bank-corporation-announces-increased-common-stock-dividend-301753657.html

SOURCE M&T Bank Corporation

FAQ

What is the new dividend amount for MTB announced in February 2023?

The new dividend amount for M&T Bank Corporation (MTB) is $1.30 per share.

When will the MTB dividend be paid?

The dividend will be paid on March 31, 2023.

What date is the record for the MTB dividend?

The record date for the MTB dividend is March 6, 2023.

How much was the previous MTB dividend before the increase?

The previous MTB dividend was $1.20 per share.