NYSE:MTBBanks
Evaluating M&T Bank (MTB) Valuation After Its Dividend Hike and Strong Shareholder Confidence
M&T Bank (MTB) just caught investors’ attention with its latest move: raising the quarterly cash dividend from $1.35 to $1.50 per share. That is an 11% jump, sending a clear signal of management’s confidence in the bank’s ongoing strength and future cash flows. For shareholders, especially those who hold bank stocks for income, this may serve as welcome evidence that the company feels able and willing to return more capital to its investors.
While the dividend news is a highlight, it is not...