M&T Bank Rewards Shareholders, Lifts Quarterly Dividend by 11.1%

Core Insights - M&T Bank Corporation (MTB) has increased its quarterly cash dividend by 11.1% to $1.50 per share, payable on September 30, 2025, to shareholders of record on September 2, 2025 [1][10] - Prior to this increase, MTB raised its dividend by 4% to $1.35 per share in May 2025, and has increased its dividend four times in the last five years with an annualized growth rate of 5.36% [2][10] - MTB's current dividend yield is 2.84%, which is lower than the industry average of 3.45% [2] Dividend and Capital Distribution - MTB has a payout ratio of 34%, indicating a balance between returning capital to shareholders and funding growth strategies [5] - The bank has a share repurchase program authorized for up to $4 billion, with approximately $2.3 billion remaining as of June 30, 2025 [6] - As of June 30, 2025, MTB's total cash and due from banks and interest-bearing deposits at banks amounted to $21.4 billion, exceeding its total debt of $14.5 billion, supporting its capital distribution activities [7] Price Performance - Over the past year, MTB's shares have appreciated by 17.8%, slightly outperforming the industry growth of 17.2% [8][10]