Cash Dividend On The Way From M&T Bank Corp's Enhanced Trust Preferred Securities

On 12/11/13, 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 12/16/13. As a percentage of MTB.PRA's recent share price of $26.10, this dividend works out to approximately 2.04%, so look for shares of MTB.PRA to trade 2.04% lower -- all else being equal -- when MTB.PRA shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 8.15%, which compares to an aver...