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

M&T Bank Corporation (NYSE:MTB) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be paid 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 of this dividend is Monday, March 2nd.

M&T Bank has increased its dividend by an average of 0.1%annually over the last three years. M&T Bank has a payout ratio of 37.3% indicating that 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 Trading Up 1.5%

NYSE:MTB opened at $231.73 on Thursday. The company has a market cap of $35.61 billion, a PE ratio of 13.59, a P/E/G ratio of 1.00 and a beta of 0.60. The business’s 50 day moving average is $215.49 and its two-hundred day moving average is $199.71. The company has a quick ratio of 0.97, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. M&T Bank has a 52 week low of $150.75 and a 52 week high of $239.00.

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