M&T Bank Corporation (MTB) to Distribute Quarterly Dividend of $1.50 on September 30th

M&T Bank Corporation (NYSE:MTB) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 1.50 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 1st.

M&T Bank has raised its dividend by an average of 0.1%annually over the last three years. M&T Bank has a dividend payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect M&T Bank to earn $21.20 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 28.3%.

M&T Bank Stock Performance

M&T Bank stock opened at $237.86 on Friday. M&T Bank has a 12-month low of $174.76 and a 12-month high of $255.95. The company has a market capitalization of $34.35 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day moving average price is $244.59 and its 200 day moving average price is $225.84.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. M&T Bank had a net margin of 22.72% and a return on equity of 11.80%. During the same period in the prior year, the company posted $4.28 EPS. On average, research analysts forecast that M&T Bank will post 19.43 EPS for the current fiscal year.

M&T Bank Company Profile

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.