M&T Bank's Fixed Rate Cumulative Perpetual Preferred Stock, Series A, About To Put More Money In Your Pocket

On 7/30/13, M&T Bank Corp's Fixed Rate Cumulative Perpetual Preferred Stock, Series A (NYSE: MTB.PR) will trade ex-dividend, for its quarterly dividend of $12.50, payable on 8/15/13. As a percentage of MTB.PR's recent share price of $1015.79, this dividend works out to approximately 1.23%, so look for shares of MTB.PR to trade 1.23% lower -- all else being equal -- when MTB.PR shares open for trading on 7/30/13. On an annualized basis, the current yield is approximately 4.93%, which compares to ...