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M&T Bank to pay increased quarterly dividend for Q4 on Dec. 31

M&T Bank’s branch office on Route 31 in the town of Clay. (ADAM ROMBEL/ CNYBJ)

M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock for the fourth quarter. The dividend is up 10 cents, or 9 percent, from the $1.10 per share that the banking company paid shareholders in the third quarter. M&T Bank will pay […]

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M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock for the fourth quarter.

The dividend is up 10 cents, or 9 percent, from the $1.10 per share that the banking company paid shareholders in the third quarter.

M&T Bank will pay the new dividend on Dec. 31, to shareholders of record at the close of business on Nov. 30.

M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main banking subsidiary, M&T Bank, operates branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.

M&T Bank has about 45 branches and employs about 450 people in its Central New York region, which covers Onondaga, Cayuga, Seneca, Oswego, Jefferson, Lewis, Madison, Oneida, and Herkimer counties. Its regional headquarters is located at 250 South Clinton St. in downtown Syracuse.

Jornal Staff