Quarterly Cash Dividends Announced by M&T Bank Corporation
M&T Bank Corporation (NYSE: MTB) has declared its quarterly cash dividends for its series of perpetual preferred stock. This announcement comes as part of M&T's commitment to provide consistent returns to its shareholders.
Details of the Dividends
The company specified two significant dividend payouts. The first is a dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. This payment will be made to shareholders of record on the designated date. The second dividend is for the Perpetual 7.500% Non-Cumulative Preferred Stock, Series J, amounting to $187.50 per share (or $0.46875 per depositary share).
Payment Schedule
Both dividends are set to be payable on March 17, 2025, to those shareholders recorded as of the close of business on March 3, 2025. This timely payment reflects M&T's ongoing efforts to cultivate shareholder value.
Understanding M&T Bank
M&T Bank Corporation is a leading financial institution based in Buffalo, New York. As a financial holding company, M&T provides a diverse range of banking products and services to customers across twelve northeastern states from Maine to Virginia, along with Washington, D.C. Additionally, trust-related services are offered by M&T's Wilmington Trust-affiliated companies, catering to both domestic and international markets.
Commitment to Shareholders
The declared dividends signify M&T Bank’s unwavering dedication to its investors. By maintaining a consistent schedule of payments, the bank illustrates its financial strength and ensures that shareholders receive the benefits of their investments regularly.
Contact Information
For any inquiries regarding the dividends, stakeholders may reach out to M&T's investor contact, Brian Klock, at (716) 842-5138. For media inquiries, Frank Lentini is available at (929) 651-0447. Both contacts reflect M&T's commitment to transparent communication.
Frequently Asked Questions
What are the recent dividend announcements by M&T Bank?
M&T has announced two dividends for its preferred stock series, showcasing its commitment to shareholders.
When will the dividends be payable?
Both dividends will be payable on March 17, 2025, to shareholders of record as of March 3, 2025.
How much is the dividend for Series H Preferred Stock?
The dividend for Series H Preferred Stock is $0.3515625 per share.
What is the significance of M&T Bank's dividend announcements?
The announcements demonstrate M&T Bank's strong financial position and its commitment to providing consistent returns to investors.
Who can I contact for more information regarding M&T's dividends?
For investor inquiries, you can contact Brian Klock at (716) 842-5138.
