M&T Bank Corp's Fixed Rate Cumulative Perpetual Preferred Stock, Series C Ex-Dividend Reminder

On 7/30/14, M & T Bank Corp's Fixed Rate Cumulative Perpetual Preferred Stock, Series C (NYSE: MTB.PRC) will trade ex-dividend, for its quarterly dividend of $15.9375, payable on 8/15/14. As a percentage of MTB.PRC's recent share price of $1030.00, this dividend works out to approximately 1.55%, so look for shares of MTB.PRC to trade 1.55% lower — all else being equal — when MTB.PRC shares open for trading on 7/30/14. On an annualized basis, the current yield is approximately 6.19%, which co...