M&T Bank Corporation ( MTB ) will begin trading ex-dividend on November 30, 2018. A cash dividend payment of $1 per share is scheduled to be paid on December 31, 2018. Shareholders who purchased MTB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 33.33% increase over prior dividend payment. At the current stock price of $168.45, the dividend yield is 2.37%.
The previous trading day's last sale of MTB was $168.45, representing a -14.65% decrease from the 52 week high of $197.37 and a 9.15% increase over the 52 week low of $154.33.
MTB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). MTB's current earnings per share, an indicator of a company's profitability, is $11.03. Zacks Investment Research reports MTB's forecasted earnings growth in 2018 as 39.47%, compared to an industry average of 27.4%.
Interested in gaining exposure to MTB through an Exchange Traded Fund [ETF]?
The following ETF(s) have MTB as a top-10 holding:
- iShares U.S. Regional Banks ETF ( IAT )
- First Trust Nasdaq Bank ETF ( FTXO )
- Invesco KBW Bank ETF ( KBWB )
- Invesco Dynamic Large Cap Value ETF ( PWV )
- SPDR S&P Regional Banking ETF ( KRE ).
The top-performing ETF of this group is PWV with an decrease of -0.16% over the last 100 days. IAT has the highest percent weighting of MTB at 4.33%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.