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

Rhea-AI Summary

M&T Bank Corporation declares quarterly cash dividend on its Preferred Stock

Positive

• M&T Bank Corporation has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H
• The dividend will be payable on December 15, 2023
• Shareholders of record at the close of business on December 1, 2023, will be eligible for the dividend

Negative

• None.

BUFFALO, N.Y., Oct. 17, 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 December 15, 2023 to shareholders of record at the close of business on December 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 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-series-h-preferred-stock-quarterly-dividend-301959693.html

SOURCE M&T Bank Corporation

FAQ

What is the dividend declared by M&T Bank Corporation?

M&T Bank Corporation has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H.

When will the dividend be payable?

The dividend will be payable on December 15, 2023.

Who will be eligible for the dividend?

Shareholders of record at the close of business on December 1, 2023, will be eligible for the dividend.