📣 The Announcement

M&T Bank Corporation (NYSE: MTB) has declared its regular quarterly cash dividends on three different series of perpetual preferred stock. In plain English: the bank is paying out scheduled cash to a specific group of its shareholders.

👉 The three payouts are:

• $0.3515625 per share on the Series H Fixed-to-Floating Rate preferred stock.
• $187.50 per share (equal to $0.46875 per depositary share) on the Series J 7.500% preferred stock.
• $158.75 per share (equal to $0.396875 per depositary share) on the Series K 6.350% preferred stock.

Each dividend will be paid on September 15, 2026, to shareholders on record as of the close of business on September 1, 2026.

🏢 Company Context

👉 In simple terms, M&T is a financial holding company based in Buffalo, New York, whose main business is M&T Bank — a regional lender with branches and ATMs stretching down the eastern U.S. from Maine to Virginia and Washington, D.C.

Beyond everyday banking, M&T offers trust and wealth services through its Wilmington Trust-affiliated companies, both in the U.S. and abroad.

Like most large banks, M&T funds itself with a mix of instruments — including preferred stock, which sits between regular stock and bonds and is a common way banks raise stable, long-term capital.

💥 Why It Matters

First, a quick lesson: preferred stock is a special class of shares that pays a fixed, agreed dividend and gets paid before common shareholders. It behaves a bit like a bond — investors buy it mainly for that steady income.

👉 "Non-cumulative" means if the bank ever skips a payment, it doesn't have to make it up later. And "perpetual" means these shares have no maturity date — they can pay dividends indefinitely.

So why does a routine dividend declaration matter? Because it's a quiet vote of confidence. A bank that comfortably meets its preferred obligations is signaling that its capital and cash flow are in healthy shape.

📊 By The Numbers

Here's the breakdown to keep:

👉 Series H: $0.3515625 per share.

👉 Series J (7.500%): $187.50 per share, or $0.46875 per depositary share.

👉 Series K (6.350%): $158.75 per share, or $0.396875 per depositary share.

👉 The eye-popping per-share figures for Series J and K are large because each "share" is split into many depositary shares — the smaller slices everyday investors actually buy and hold. One depositary share equals 1/400th of a full preferred share.

🔍 The Details

Two dates do all the work here. To receive the payout, you must own the shares by the record date, September 1, 2026. The cash then lands on the payment date, September 15, 2026.

👉 Buy after September 1 and you miss this round; you'd catch the next quarterly payment instead.

For questions, M&T lists Steve Wendelboe (716) 842-5138 for investors and Frank Lentini (929) 651-0447 for media.

🔮 What's Next

These dividends are quarterly, so expect the pattern to repeat roughly every three months as long as the bank keeps declaring them.

👉 The Series H rate is worth watching over time: it's fixed-to-floating, meaning its payout can eventually move with market interest rates, unlike the fixed 7.500% and 6.350% rates on Series J and K.

⚖️ Upside & Risks

👍 Reliable preferred dividends give income-focused investors predictable cash and reflect a bank that's meeting its capital commitments.

⚠️ These payments are non-cumulative, so they aren't guaranteed — a bank under stress can legally skip them without ever repaying. Preferred holders also don't share in the bank's growth the way common stockholders can.

🧠 The Analogy

Think of preferred stockholders as tenants with a fixed-rent lease and first claim on the landlord's income. M&T is simply confirming this quarter's rent check — the amount, who's owed, and when it arrives — before anyone else in line gets paid.

🧩 Final Takeaway

M&T Bank is paying its regular quarterly dividends on three preferred stock series (H, J, and K) on September 15, 2026, to holders of record on September 1. It's a routine, reassuring signal of steady capital and dependable income for preferred shareholders.