M&T Bank Corporation Announces Quarterly Preferred Stock Dividends

M&T Bank (NYSE:MTB) has declared quarterly cash dividends for two series of its perpetual preferred stock.

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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.

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01/10/2025 - 04:48 PM

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/mt-bank-corporation-announces-quarterly-preferred-stock-dividends-302348389.html

SOURCE M&T Bank Corporation

FAQ

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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.

M&T Bank Corporation Announces Quarterly Preferred Stock Dividends