M&T Bank (MTB) Announces a 4% Increase in Quarterly Dividend [Yahoo! Finance]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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Source: Yahoo! Finance
The company declared a quarterly cash dividend per share of $1.35, reflecting a 4% increase from its previous payout. The dividend will be paid out on Jun 28 to shareholders of record as of Jun 3. The bank increased its dividend three times during the last five years. Prior to the recent hike, MTB raised its dividend by 8.3% to $1.30 per share in February 2023. Considering MTB's closing price of $153.38 on May 21, its dividend yield is currently pegged at 3.52%. Its payout ratio is 35% of earnings. The company retains adequate earnings for reinvestment and future growth initiatives while still delivering lucrative returns to its shareholders. Apart from regular dividend payouts, MTB has a share repurchase program in place. In July 2022, the board of directors authorized a new repurchase plan of $3 billion of shares of common stock. It bought back 3.8 million shares in 2023 for $600 million. It did not repurchase any shares in first-quarter 2024. As of Mar 31, 2024, it had $1.2
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MTB
News
- Blackstone Mortgage Trust and M&T Realty Capital Announce Agency Multifamily Lending Partnership [Yahoo! Finance]Yahoo! Finance
- M&T Bank Co. (NYSE: MTB) had its price target raised by analysts at Piper Sandler from $152.00 to $164.00. They now have an "overweight" rating on the stock.MarketBeat
- M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2025 EarningsPR Newswire
- M&T Bank (MTB) Thrives on Organic Growth Amid Rising Costs [Yahoo! Finance]Yahoo! Finance
- M&T Bank Co. (NYSE: MTB) had its price target raised by analysts at Jefferies Financial Group Inc. from $151.00 to $160.00. They now have a "hold" rating on the stock.MarketBeat
MTB
Earnings
- 4/15/24 - Miss
MTB
Sec Filings
- 6/11/24 - Form 8-K
- 6/5/24 - Form 4
- 6/3/24 - Form 4
- MTB's page on the SEC website