M&T Bank Corp. (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of 75 cents per share on its common stock. The dividend will be payable on Dec. 29 to shareholders of record at the close of business on Dec. 1. The dividend amount is the same that the Buffalo–based banking company […]
M&T Bank Corp. (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of 75 cents per share on its common stock.
The dividend will be payable on Dec. 29 to shareholders of record at the close of business on Dec. 1.
The dividend amount is the same that the Buffalo–based banking company has paid in each quarter of 2017, after it boosted the dividend by 5 cents a share, or 7 percent, from the previous 70 cents a share that M&T had paid quarterly since September 2007.
M&T Bank in mid-October reported that its net income in this year’s third quarter totaled
$356 million, up 2 percent from the $350 million it generated in the third quarter of 2016.
The banking company operates branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia.
M&T Bank ranks number one in deposit market share in the 16-county Central New York area.
