M&T Bank Corp. (MTB) Declares $0.75 Quarterly Dividend; $745M Stock Repurchase Plan

M&T Bank Corp. (NYSE: MTB) declared a quarterly dividend of $0.75 per share, or $3 annualized. The dividend will be payable on March 30, 2018, to stockholders of record on March 5, 2018, with an ex-dividend date of March 2, 2018. The annual yield on the dividend is 1.6 percent.

On February 21, 2018, M&T's Board of Directors authorized an additional stock repurchase program to repurchase up to $745 million of shares of common stock, $0.50 par value per share, on the open market or in privately negotiated transactions, by June 30, 2018. This amount is in addition to the previously announced $900 million of common stock authorized for repurchase by M&T's Board of Directors under M&T's 2017 Capital Plan. The exact number of shares, timing for such purchases, and the price and terms at and on which such purchases are to be made will be at the discretion of M&T and will comply with all applicable regulatory limitations, including those set forth in M&T's 2017 Capital Plan.

For a dividend history and other dividend-related data on M&T Bank Corp. (MTB) click here.

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