M&T Bank Corporation Declares Quarterly Preferred Stock Dividends
M&T Bank Corporation (NYSE: MTB) has confirmed the declaration of quarterly cash dividends on its selected series of perpetual preferred stock. This decision underscores the bank's ongoing commitment to return value to its shareholders while managing a robust financial framework.
Details of the Dividends Announced
The bank has announced a dividend rate of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. This dividend is scheduled to be payable on June 16, 2025, to all shareholders recorded by the end of business on June 2, 2025.
Additionally, M&T Bank will issue a dividend of $187.50 per share, which equals $0.46875 per depositary share on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J. This payment will also be made on June 16, 2025, to shareholders holding their shares by June 2, 2025. The bank remains resolute in its efforts to maintain favorable returns for its investors as part of its ongoing strategic financial management.
About M&T Bank Corporation
M&T Bank Corporation is a prominent financial holding company with its headquarters based in Buffalo. The primary subsidiary, M&T Bank, offers a wide range of banking products and services in twelve states across the northeastern region of the United States, stretching from Maine down to Virginia, including Washington, D.C.
In addition to traditional banking services, M&T Bank also provides trust-related services through its Wilmington Trust-affiliated companies, catering to both domestic and international markets. The blend of their extensive portfolio and deep community engagement has positioned M&T Bank as a trusted bank for clients.
Investor Relations and Media Contacts
For further inquiries related to investor relations, Brian Klock is the primary contact, reachable at (716) 842-5138. And for any media-related questions, Frank Lentini can be contacted at (929) 651-0447. The bank values transparency and is eager to assist its stakeholders with any relevant queries.
Frequently Asked Questions
What types of stock dividends has M&T Bank Corporation announced?
M&T Bank announced dividends on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H and Perpetual 7.500% Non-Cumulative Preferred Stock, Series J.
When will the dividends be paid to shareholders?
The dividends are scheduled to be paid on June 16, 2025, for both preferred stock series.
Who is eligible to receive the dividend payments?
Shareholders who are on record at the close of business on June 2, 2025, will receive the dividend payments.
What is M&T Bank Corporation known for?
M&T Bank Corporation is known for its robust banking services across the northeastern U.S., and commitment to delivering significant value to its shareholders.
How can investors get more information about M&T Bank Corporation?
Investors can reach out to the investor relations contact, Brian Klock, at (716) 842-5138 to get more information.
