M&T Bank Corporation Announces Quarterly Preferred Stock Dividends

Rhea-AI Summary

M&T Bank (NYSE:MTB) has announced quarterly cash dividends on two series of its perpetual preferred stock. For Series H Preferred Stock, a dividend of $0.3515625 per share will be paid on December 16, 2024, to shareholders of record as of December 2, 2024. For Series J Preferred Stock, a dividend of $187.50 per share (equivalent to $0.46875 per depositary share) will be paid on the same date to shareholders of record as of December 2, 2024. These dividend declarations demonstrate M&T's commitment to providing returns to its preferred stockholders.

Positive

• Consistent dividend payments indicate financial stability
• Maintaining dividends shows commitment to shareholder returns

Negative

• None.

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BUFFALO, N.Y., Oct. 16, 2024 /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 December 16, 2024 to shareholders of record at the close of business on December 2, 2024.
• 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 December 16, 2024 to shareholders of record at the close of business on December 2, 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

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SOURCE M&T Bank Corporation

FAQ

When will M&T Bank (MTB) pay its next preferred stock dividend?

M&T Bank (MTB) will pay its next preferred stock dividend on December 16, 2024, for both Series H and Series J preferred stocks.

What is the dividend amount for M&T Bank's (MTB) Series H Preferred Stock?

The dividend amount for M&T Bank's (MTB) Series H Preferred Stock is $0.3515625 per share.

How much is the dividend for M&T Bank's (MTB) Series J Preferred Stock?

The dividend for M&T Bank's (MTB) Series J Preferred Stock is $187.50 per share, equivalent to $0.46875 per depositary share.

What is the record date for M&T Bank's (MTB) upcoming preferred stock dividends?

The record date for M&T Bank's (MTB) upcoming preferred stock dividends is December 2, 2024.