BUFFALO, N.Y. — M&T Bank Corp. (NYSE: MTB) announced it has increased its quarterly cash dividend to 75 cents per share on its common stock.
That’s up 5 cents a share, or 7 percent, from the previous 70 cents per share that M&T paid quarterly since September 2007.
The new dividend will be payable on March 31 to shareholders of record at the close of business on March 6, the banking company said.
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Buffalo–based M&T Bank operates branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia.
M&T ranks number one in deposit market share in the 16-county Central New York area.
Contact Rombel at arombel@cnybj.com
