M&T Bank Corporation (NYSE:MTB) Updates On Dividend Release Date


On 2016-08-17, M&T Bank Corporation (NYSE:MTB) confirmed the dividend disbursement of $0.7 a share to shareholders as on record 2016-09-01. The firm will release dividend on 2016-09-30 while ex-dividend date is reported to be 2016-08-30.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, M&T Bank Corporation (NYSE:MTB) paid a total of $0.7 per share in dividends. This figure stood at $0.7 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $118.833 on the stock. This figure is the average of recommendations offered by 12 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $130 and $105, respectively.

Taking the mathematical rating formula, the price for M&T Bank Corporation (NYSE:MTB) stands at 2.92. Earnings Review M&T Bank Corporation (NYSE:MTB) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-17. For the period ending on 2016-09-30, experts are expecting EPS of $2.03.

Coming to the quarter ending on 2015-12-31, M&T Bank Corporation (NYSE:MTB) recorded EPS of $2.07. The reported numbers came lower than the analysts’ estimates of $2.08, demonstrating a miss of $-0.01 as against reported figures.

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