M&T Bank (MTB) Announces a 4% Increase in Quarterly Dividend

MTB maintains a decent liquidity position. As of Mar 31, 2024, the company had total cash and due from banks and interest-bearing deposits at banks of $33.83 billion, while total debt was $16.24 billion. Given the decent liquidity position, the company is expected to sustain its capital distribution activities. Through this, MTB will keep enhancing shareholders' value. In the past six months, MTB's shares have gained 22.6% compared with the industry's growth of 29.3%. Currently, M&T Bank carries a Zacks Ran ...