M&T Bank Corporation (MTB) Ex-Dividend Date Scheduled for August 29, 2013


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M&T Bank Corporation ( MTB ) will begin trading ex-dividend on August 29, 2013. A cash dividend payment of $0.7 per share is scheduled to be paid on September 30, 2013. Shareholders who purchased MTB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 25th quarter that MTB has paid the same dividend. At the current stock price of $114.41, the dividend yield is 2.45%.

The previous trading day's last sale of MTB was $114.41, representing a -4.29% decrease from the 52 week high of $119.54 and a 32.51% increase over the 52 week low of $86.34.

MTB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). MTB's current earnings per share, an indicator of a company's profitability, is $8.86. Zacks Investment Research reports MTB's forecasted earnings growth in 2013 as 11.18%, compared to an industry average of 6.2%.

For more information on the declaration, record and payment dates, visit the MTB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

Interested in gaining exposure to MTB through an Exchange Traded Fund [ETF]?
The following ETF(s) have MTB as a top-10 holding:

  • PowerShares KBW Bank Portfolio ETF ( KBWB )
  • iShares U.S. Regional Banks ETF ( IAT )
  • Guggenheim S&P 500 Equal Weight Financials ETF ( RYF )
  • iShares Morningstar Mid Value Index Fund ( JKI ).

The top-performing ETF of this group is IAT with an increase of 13.34% over the last 100 days. KBWB has the highest percent weighting of MTB at 4.51%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines Stocks
Referenced Stocks: IAT , JKI , JPM , KBWB , MTB , RYF , WFC

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