M&T Bank Corporation Announces Increased Common Stock Dividend

Rhea-AI Summary

M&T Bank Corporation (NYSE:MTB) has announced a quarterly cash dividend of $1.20 per share, marking a 9% increase from the previous dividend of $1.10 in Q3 2021. The dividend is set to be paid on December 31, 2021 to shareholders on record as of November 30, 2021. This increase reflects the company's confidence in its financial performance and aims to provide enhanced income for shareholders.

Positive

• Quarterly cash dividend increased by 9% to $1.20 per share
• Dividend payment date set for December 31, 2021

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• None.

BUFFALO, N.Y., Nov. 16, 2021 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock.  This represents an increase of $.10 per share, or 9 percent, from the previous $1.10 per share dividend paid in the third quarter of 2021.  The dividend will be payable December 31, 2021 to shareholders of record at the close of business on November 30, 2021.

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:	Maya Dillon
	(212) 415-0557

 

 

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SOURCE M&T Bank Corporation

FAQ

What is the new dividend amount announced by M&T Bank Corporation (MTB)?

M&T Bank Corporation announced a new dividend amount of $1.20 per share.

When will M&T Bank Corporation's dividend be paid?

The dividend will be paid on December 31, 2021.

What was the previous dividend amount before the increase for M&T Bank (MTB)?

The previous dividend amount was $1.10 per share.

Who is eligible to receive the dividend from M&T Bank Corporation (MTB)?

Shareholders of record at the close of business on November 30, 2021, are eligible to receive the dividend.