M&T Bank Corporation (MTB) Ex-Dividend Date Scheduled for November 29, 2012

By NASDAQ.com News,  November 27, 2012, 09:00:04 AM EDT

M&T Bank Corporation ( MTB ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.7 per share scheduled for December 31, 2012. Shareholders who purchased MTB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 22nd quarter that MTB has paid the same dividend. At the current stock price of $98.91, the dividend yield is 2.83%.

The previous trading day's last sale of MTB was $98.91, representing a -6.1% decrease from the 52 week high of $105.33 and a 45.65% increase over the 52 week low of $67.91.

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 $6.42. Zacks Investment Research reports MTB's forecasted earnings growth in 2012 as 15.42%, compared to an industry average of 11.4%.

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:

  • 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 )
  • iShares Morningstar Mid Value Index Fund ( JKI ).

The top-performing ETF of this group is JKI with an increase of 8.96% over the last 100 days. KBWB has the highest percent weighting of MTB at 4.39%.




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


This article appears in: News Headlines, Stocks

Referenced Stocks: ETF, IAT, JKI, JPM, KBE, KBWB, KRE, MTB, WFC



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