M&T Bank Corporation ( MTB ) will begin trading ex-dividend on May 28, 2015. A cash dividend payment of $0.7 per share is scheduled to be paid on June 30, 2015. Shareholders who purchased MTB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 32nd quarter that MTB has paid the same dividend. At the current stock price of $122.09, the dividend yield is 2.29%.
The previous trading day's last sale of MTB was $122.09, representing a -5.78% decrease from the 52 week high of $129.58 and a 9.22% increase over the 52 week low of $111.78.
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 $7.46. Zacks Investment Research reports MTB's forecasted earnings growth in 2015 as 3.33%, compared to an industry average of 6.4%.
Interested in gaining exposure to MTB through an Exchange Traded Fund [ETF]?
The following ETF(s) have MTB as a top-10 holding:
- iShares U.S. Regional Banks ETF ( IAT )
- SPDR S&P Regional Banking ETF ( KRE )
- iShares Morningstar Mid-Cap Value ETF ( JKI )
- PowerShares Russell Midcap Pure Value Portfolio ( PXMV ).
The top-performing ETF of this group is KRE with an increase of 2.02% over the last 100 days. IAT has the highest percent weighting of MTB at 4.17%.