M&T Bank Corporation Announces Quarterly Dividend of $1.50 (NYSE:MTB)

M&T Bank Corporation (NYSE:MTB) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be given a dividend of 1.50 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, March 2nd.

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 payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect M&T Bank to earn $18.68 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 32.1%.

M&T Bank Stock Down 1.4%

NYSE:MTB traded down $3.23 on Thursday, hitting $228.52. The stock had a trading volume of 29,065 shares, compared to its average volume of 1,252,839. M&T Bank has a 1 year low of $150.75 and a 1 year high of $239.00. The firm’s fifty day simple moving average is $215.49 and its two-hundred day simple moving average is $199.71. The stock has a market cap of $35.12 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.00 and a beta of 0.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 0.90.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.47 by $0.25. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the company posted $3.77 earnings per share. Analysts predict that M&T Bank will post 16.57 earnings per share for the current year.

About M&T Bank

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.