The $0.3968 payout on MTB.PR.K yields 6.47% and will be distributed to shareholders of record by September 1.
M&T Bank Corporation’s 6.35% Depositary Preferred Series K (MTB.PR.K) announced a $0.3968 per share quarterly dividend, reflecting a forward yield of 6.47%. The dividend is payable on September 15 to shareholders of record as of September 1, with an ex-dividend date set for September 1.
The payout matches the prior quarter’s dividend and aligns with the series’ consistent yield profile. The 6.47% yield remains competitive within the preferred stock segment, offering income stability for holders.
No immediate market reaction was disclosed following the announcement.