M&T Bank Corporation Announces Quarterly Preferred Stock Dividends

Rhea-AI Summary

M&T Bank (NYSE:MTB) has announced quarterly cash dividends for its perpetual preferred stock. For its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H, the dividend is set at $0.3515625 per share, payable on September 16, 2024, to shareholders of record as of September 3, 2024.

Additionally, the bank declared a dividend of $254.17 per share (equivalent to $0.635425 per depositary share) on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J, also payable on September 16, 2024, to shareholders of record at the close of business on September 3, 2024.

Positive

• M&T Bank has declared quarterly cash dividends, showcasing financial stability and confidence.
• The Series H Preferred Stock dividend is $0.3515625 per share.
• The Series J Preferred Stock dividend is $254.17 per share or $0.635425 per depositary share.

Negative

• None.

BUFFALO, N.Y., July 10, 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 September 16, 2024 to shareholders of record at the close of business on September 3, 2024.
• A dividend of $254.17 per share (equivalent to $0.635425 per depositary share) on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J ("Series J Preferred Stock"), payable September 16, 2024 to shareholders of record at the close of business on September 3, 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

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

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

When is the dividend payment date for M&T Bank 's Series H Preferred Stock (MTB)?

The dividend payment date for M&T Bank 's Series H Preferred Stock is September 16, 2024.

What is the record date for M&T Bank 's Series H Preferred Stock dividend?

The record date for the Series H Preferred Stock dividend is September 3, 2024.

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

The dividend for M&T Bank 's Series J Preferred Stock is $254.17 per share, equivalent to $0.635425 per depositary share.

When will M&T Bank pay the Series J Preferred Stock dividend?

The Series J Preferred Stock dividend will be paid on September 16, 2024.

What is the record date for the Series J Preferred Stock dividend of M&T Bank ?

The record date for the Series J Preferred Stock dividend is September 3, 2024.