M&T Bank Corporation (MTB) To Go Ex-Dividend on September 1st

M&T Bank Corporation (NYSE:MTB) announced a quarterly dividend on Tuesday, August 18th. Investors 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 is Tuesday, September 1st.

M&T Bank has increased its dividend payment 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. 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 Trading Down 2.7%

Shares of MTB stock opened at $244.74 on Thursday. The stock has a market cap of $35.35 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.17 and a beta of 0.57. M&T Bank has a twelve month low of $174.76 and a twelve month high of $255.95. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $242.80 and its 200-day moving average price is $225.33.

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