M&T Bank Corporation Announces Series H Preferred Stock Quarterly Dividend

Rhea-AI Summary

M&T Bank Corporation (NYSE: MTB) has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. This dividend will be payable on June 15, 2023, to shareholders on record as of the close of business on June 1, 2023. M&T is a financial holding company based in Buffalo, New York, providing banking services across 12 states from Maine to Virginia and Washington, D.C.

Positive

• Quarterly dividend of $0.3515625 reflects company confidence and provides income for shareholders.

Negative

• None.

News Market Reaction – MTB

+3.09%

+3.09% Session move

In the trading session that priced this news, MTB gained 3.09%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BUFFALO, N.Y., April 18, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H ("Series H Preferred Stock").  The dividend will be payable June 15, 2023 to shareholders of record at the close of business on June 1, 2023.

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 eastern 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:
Maya Dillon
(646) 735-1958

View original content to download multimedia:https://www.prnewswire.com/news-releases/mt-bank-corporation-announces-series-h-preferred-stock-quarterly-dividend-301800975.html

SOURCE M&T Bank Corporation

FAQ

What is the dividend amount announced by M&T Bank Corporation for Series H Preferred Stock?

The dividend amount is $0.3515625 per share.

When will the dividend be paid to shareholders for M&T's Series H Preferred Stock?

The dividend will be paid on June 15, 2023.

What is the record date for the dividend payment by M&T Bank Corporation?

The record date is June 1, 2023.

How often does M&T Bank Corporation declare dividends on its Series H Preferred Stock?

Dividends are declared quarterly on the Series H Preferred Stock.