M&T Bank Declares New Dividend; Yield is 3.5%
M&T Bank (NYSE: MTB) has elected to maintain its relatively generous dividend. On Tuesday the company declared that its upcoming quarterly payout will be $1.10 per share, matching the amount it has doled out in the four preceding quarters.
The dividend is to be dispensed on Dec. 31 to stockholders of record as of Dec. 1. At the most recent closing share price, it would yield 3.5%, which compared to other lenders is fairly generous.
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Source Fool.com
