M&T Bank Corp's Enhanced Trust Preferred Securities About To Put More Money In Your Pocket

On 9/11/13, M & T Bank Corp's 8.500% Enhanced Trust Preferred Securities (NYSE: MTB.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 9/16/13. As a percentage of MTB.PRA's recent share price of $25.91, this dividend works out to approximately 2.05%, so look for shares of MTB.PRA to trade 2.05% lower ? all else being equal ? when MTB.PRA shares open for trading on 9/11/13. On an annualized basis, the current yield is approximately 8.20%, which compares to an average y...