M&T Bank declares $0.3516 quarterly dividend on fixed-to-floating preferred H

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Summary · why it matters

M&T Bank Corporation declared a quarterly dividend of $0.3516 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H. The dividend is payable on September 15 to shareholders of record as of September 1, with the ex-dividend date also set for September 1. Based on the announcement, the forward yield on the preferred shares stands at 5.59%.

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Financials · 1 stocks
M&T Bank Corporation
MTB
± MixedCapitalrelevance

Routine dividend declaration on preferred stock; no material impact on common equity or business outlook.