Company: M&T Bank Corp. (MTB)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present. -Morningstar.com-
Symbol: MTB
Recent Price: $162.21
Dividends: $5.40
Yield: 3.33%
Sector: Financial Services
Industry: Banks-Regional
Address & Company Phone #: One M&T Plaza Buffalo NY 14203, 716-635-4000
Transfer Agent: Computershare 866-293-3379
Moody’s Rating: A3
Minimum & Maximum Investment: $10 – $250,000/year
Investment Dates: Every 30 days beginning 1/1
Shares to Qualify: 1 Share or $250
Fees: Div.: 5% of amount invested up to $2.50 Max Cash: 5 $2.50 Max+5¢/sh. Cert: $0 Sells: by Mail for 5 to $10+10¢/sh.
52 Week High & Low: $161.99, $108.53