M&T Bank Corp. (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1 per share on its common stock.
The dividend will be payable on Sept. 30 to shareholders of record at the close of business on Sept. 3.
M&T Bank on July 18 reported that its net income in this year’s second quarter totaled $473 million, down from $493 million in the second quarter of 2018. However, earnings per share rose to $3.34 in the second quarter of 2019 from $3.26 in the year-earlier earnings period.
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M&T Bank, headquartered in Buffalo, 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 region.
