M&T Bank Corporation (NYSE: MTB) has declared a quarterly cash dividend of $1.30 per share of its common stock for the first quarter of this year.
That’s up by 8.3 percent from the $1.20 a share that the banking company paid in the fourth quarter of 2022.
The new dividend will be payable on March 31, to shareholders of record as of the close of business on March 6, the company announced.
M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeast U.S. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
The bank ranks number one in deposit market share in the 16-county Central New York area. M&T Bank’s Syracuse regional headquarters office is located at 250 South Clinton St.