M&T Bank Corporation Boosts Dividend, Signaling Growth Ahead
M&T Bank Corporation Announces Quarterly Dividend Increase
M&T Bank Corporation, commonly known as M&T, has declared a quarterly cash dividend of $1.50 per share on its common stock, reflecting an 11 percent increase from the previous dividend of $1.35. This growth signifies the bank's positive performance and strategic direction aimed at enhancing shareholder value.
Details of the Dividend Increase
The new dividend will be payable on a specific date to shareholders who are on record at the close of business approximately a month prior. This increment in dividend reflects M&T's robust financial performance and commitment to returning value to its shareholders amid a dynamic economic environment.
About M&T Bank Corporation
M&T is a financial holding company that operates across the eastern United States, delivering a diverse range of banking products and services. The principal banking subsidiary of M&T Bank operates a significant network of branches and ATMs, reaching from the northern region to the southern region. The bank also offers trust-related services in various selective markets both domestically and internationally through its Wilmington Trust-affiliated companies.
Comprehensive Banking Services
M&T Bank is committed to providing personalized banking experiences, offering solutions tailored to both individual customers and businesses. With a strong emphasis on community involvement, M&T works to support local economic development initiatives while ensuring financial accessibility for all clients.
Commitment to Shareholders
The enhancement of the quarterly dividend reflects M&T's ongoing dedication to its shareholders. By increasing the dividend consistently over time, M&T illustrates its strong earnings potential and determination to create long-term value. The company aims to strike a balance between returning surplus capital to shareholders and reinvesting in its growth.
Contact Information
Investors interested in understanding more about the company’s financial health can reach out directly to Brian Klock. Additionally, media inquiries can be directed to Frank Lentini, who can provide further insights about M&T Bank's initiatives and plans moving forward.
Frequently Asked Questions
What is M&T Bank Corporation?
M&T Bank Corporation is a financial holding company that offers a variety of banking services through its subsidiary, M&T Bank, primarily across the eastern U.S.
What is the new dividend amount declared by M&T Bank?
The newly declared cash dividend is $1.50 per share, representing an increase from the previous dividend.
When will the dividend be payable?
The dividend is scheduled to be payable on a specified date each quarter, to shareholders on record as of a prior date.
What markets does M&T Bank serve?
M&T Bank serves a wide range of markets across the eastern United States, providing banking and financial services to communities from Maine to Virginia.
Who can I contact for more information about M&T Bank?
For inquiries, investors can contact Brian Klock, while media representatives should reach out to Frank Lentini for further details.
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