M&T Bank Corporation Announces Third Quarter Common Stock Dividend

Rhea-AI Summary

M&T Bank (NYSE:MTB) has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 3, 2024. This announcement demonstrates M&T's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite current market conditions. The declaration of a consistent dividend may indicate the company's confidence in its financial stability and future prospects.

Positive

• Declared quarterly cash dividend of $1.35 per share
• Maintaining consistent dividend payout to shareholders

Negative

• None.

News Market Reaction – MTB

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+0.40% News Effect

On the day this news was published, MTB gained 0.40%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BUFFALO, N.Y., Aug. 20, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024.

About M&T
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:
Frank Lentini
(929) 651-0447

View original content to download multimedia:https://www.prnewswire.com/news-releases/mt-bank-corporation-announces-third-quarter-common-stock-dividend-302226918.html

SOURCE M&T Bank Corporation

FAQ

What is the amount of M&T Bank's (MTB) quarterly dividend for Q3 2024?

M&T Bank (MTB) has declared a quarterly cash dividend of $1.35 per share on its common stock for the third quarter of 2024.

When will M&T Bank (MTB) pay its Q3 2024 dividend?

M&T Bank (MTB) will pay its third quarter 2024 dividend on September 30, 2024.

What is the record date for M&T Bank's (MTB) Q3 2024 dividend?

The record date for M&T Bank 's (MTB) third quarter 2024 dividend is September 3, 2024, at the close of business.

Has M&T Bank (MTB) changed its dividend amount compared to previous quarters?

The press release does not provide information on whether the $1.35 per share dividend represents a change from previous quarters. It only announces the current quarter's dividend amount.