M&T Bank Declares Quarterly Preferred Stock Dividends

M&T Bank Corporation (NYSE:MTB) announced that it has declared quarterly cash dividends on its series of perpetual preferred stock. The dividend for the Perpetual Fixed-to-Floating Rate Non-Cumulative preferred shares is set at $0.3515625 per share. This announcement provides clarity on the company's dividend policy for its preferred stockholders. The declaration of dividends is a routine but important event for investors holding these securities, reflecting the company's ongoing financial stability and commitment to its preferred shareholders. The specific series affected and the dividend amount are consistent with previous declarations, indicating no immediate change in dividend policy.