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

On 7/30/14, 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 $15.9375, payable on 8/15/14. As a percentage of MTB.PR's recent share price of $1069.95, this dividend works out to approximately 1.49%, so look for shares of MTB.PR to trade 1.49% lower — all else being equal — when MTB.PR shares open for trading on 7/30/14. On an annualized basis, the current yield is approximately 5.96%, which compar...