M&T Bank Corporation (MTB) Ex-Dividend Date Scheduled for May 30, 2013

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M&T Bank Corporation ( MTB ) will begin trading ex-dividend on May 30, 2013. A cash dividend payment of $0.7 per share is scheduled to be paid on June 28, 2013. Shareholders who purchased MTB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 24th quarter that MTB has paid the same dividend. At the current stock price of $106.08, the dividend yield is 2.64%.

The previous trading day's last sale of MTB was $106.08, representing a -1.24% decrease from the 52 week high of $107.41 and a 37.91% increase over the 52 week low of $76.92.

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 $8.02. Zacks Investment Research reports MTB's forecasted earnings growth in 2013 as 4.44%, compared to an industry average of 2.9%.

For more information on the declaration, record and payment dates, visit the MTB Dividend History page.

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

  • N/A (PJB)
  • PowerShares KBW Bank Portfolio ETF ( KBWB )
  • iShares Dow Jones U.S. Regional Banks Index Fund ( IAT )
  • SPDR Bank ETF ( KBE )
  • SPDR S&P Regional Banking ETF ( KRE ).

The top-performing ETF of this group is KBWB with an increase of 17.2% over the last 100 days. PJB has the highest percent weighting of MTB at 4.91%.

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 Symbols: IAT , JPM , KBE , KBWB , KRE , MTB , WFC

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