#United States #dividends #Preferred Stock #Buffalo #M&T Bank

M&T Bank Corporation Declares Quarterly Preferred Stock Dividends

M&T Bank Corporation, a prominent financial institution in the United States, has made significant announcements regarding its preferred stock dividends. As part of their consistent financial strategy, M&T has declared cash dividends for two series of their perpetual preferred stocks. This move signifies M&T's commitment to providing value for its shareholders amidst a fluctuating financial landscape.

Details of the Dividend Distribution

In particular, M&T Bank has announced a dividend of $0.3515625 per share related to its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. This payment is scheduled to be made on March 17, 2025, to shareholders listed on the record by the close of business on March 3, 2025.

Additionally, M&T also declared a dividend of $187.50 per share — which translates to $0.46875 per depositary share on their Perpetual 7.500% Non-Cumulative Preferred Stock, Series J. These dividends are set to be payable on the same date, March 17, 2025, providing a synchronized timing that reinforces the bank’s operational consistency and reliability.

Financial Performance and Future Outlook

The dividends declared by M&T Bank showcase their ongoing strong performance in the financial sector, particularly in the northeastern United States. The bank operates extensively, providing a range of banking products and services across 12 states from Maine to Virginia and including Washington, D.C. This geographical diversity strengthens their earnings potential and contributes to ongoing shareholder returns.

M&T Bank's principal banking subsidiary is well-regarded for its commitment to providing quality financial services. The company has a reputation for maintaining a strong balance sheet, which is critical in determining the feasibility of such dividends and the overall growth strategy.

The bank also offers trust-related services in select markets both nationally and internationally, which further diversifies its revenue streams and mitigates risks associated with traditional banking operations.

Conclusion

In an evolving economic environment, M&T Bank Corporation's proactive approach in declaring dividends serves as a significant indicator of its financial health. Shareholders can expect to benefit from these cash payouts as part of their investment strategy, reaffirming trust in M&T Bank’s capacity to generate returns. As they continue to navigate fiscal complexities, the bank's commitment to its shareholders remains steadfast, reflecting a well-managed and strategic financial operation.

For media inquiries or further details regarding this announcement, investors and interested parties can contact Brian Klock at (716) 842-5138 for investor relations or Frank Lentini at (929) 651-0447 for media-related questions. Maintaining open channels of communication is part of M&T’s strategy to ensure transparency and confidence among its shareholders and the broader market.