M&T Bank Corporation Announces Quarterly Preferred Stock Dividends

Rhea-AI Summary

M&T Bank (NYSE:MTB) has declared quarterly cash dividends for two series of its perpetual preferred stock. Series H Preferred Stock shareholders will receive $0.3515625 per share, while Series J Preferred Stock holders will get $187.50 per share (equivalent to $0.46875 per depositary share). Both dividends will be payable on March 17, 2025, to shareholders of record as of March 3, 2025.

Positive

• Consistent dividend payments demonstrate financial stability
• Maintaining preferred stock dividends indicates strong capital position

Negative

• None.

BUFFALO, N.Y., Jan. 10, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared quarterly cash dividends on the following series of perpetual preferred stock:

• A dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H ("Series H Preferred Stock"), payable March 17, 2025 to shareholders of record at the close of business on March 3, 2025.
• A dividend of $187.50 per share (equivalent to $0.46875 per depositary share) on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J ("Series J Preferred Stock"), payable March 17, 2025 to shareholders of record at the close of business on March 3, 2025.

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

 

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SOURCE M&T Bank Corporation

FAQ

What is the dividend amount for MTB Series H Preferred Stock in Q1 2025?

M&T Bank 's Series H Preferred Stock will pay a dividend of $0.3515625 per share for Q1 2025.

When is the payment date for MTB's preferred stock dividends announced in January 2025?

The payment date for both Series H and Series J preferred stock dividends is March 17, 2025.

What is the dividend amount for MTB Series J Preferred Stock in Q1 2025?

M&T Bank 's Series J Preferred Stock will pay a dividend of $187.50 per share ($0.46875 per depositary share).

What is the record date for MTB's Q1 2025 preferred stock dividends?

The record date for both Series H and Series J preferred stock dividends is March 3, 2025.