M&T Bank Corporation Announces First Quarter Common Stock Dividend
Rhea-AI Summary
M&T Bank Corporation (NYSE:MTB) has declared a quarterly cash dividend of $1.10 per share on its common stock. This dividend will be paid on March 31, 2021, to shareholders who are on record by the close of business on March 1, 2021. The bank operates across several states, including New York, Maryland, and Pennsylvania, and offers trust-related services through its affiliates. This announcement highlights the bank's ongoing commitment to returning value to its shareholders.
Positive
- Quarterly cash dividend of $1.10 per share declared.
- Dividend payment date set for March 31, 2021, indicating financial stability.
- Commitment to return value to shareholders.
Negative
- None.
News Market Reaction – MTB
In the trading session that priced this news, MTB declined 0.99%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BUFFALO, N.Y., Feb. 17, 2021 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of
About M&T Bank
M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.
Investor Contact:
Donald J. MacLeod
(716) 842–5138
Media Contact:
C. Michael Zabel
(716) 842-5385
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SOURCE M&T Bank Corporation