M&T Bank Corp Recognized as a Leading Socially Responsible Dividend Stock
M&T Bank Corp (Symbol: MTB) has received accolades as a Top Socially Responsible Dividend Stock by Dividend Channel. This designation highlights the company’s impressive ”DividendRank” statistics, which include a robust 2.5% dividend yield. Prominent asset managers have also acknowledged M&T Bank as a socially responsible investment based on thorough evaluations of its social and environmental practices.
Understanding the Criteria Behind the Recognition
Environmental factors are a significant part of this evaluation, focusing on how the company’s products and services affect the environment and its resource efficiency. Additionally, social criteria encompass human rights considerations, corporate diversity, and societal impact, which include the company’s involvement in industries such as weapons, gambling, tobacco, and alcohol.
ETF Inclusion Solidifies Its Standing
M&T Bank Corp is part of the iShares USA ESG Select ETF (SUSA), representing 0.13% of the fund’s total holdings and valued at $6,492,474 worth of MTB shares, as reported by ETF Finder at ETF Channel.
Dividend Payouts: A Closer Look
The annualized dividend from M&T Bank Corp stands at $5.4 per share, distributed quarterly. The most recent dividend was marked with an ex-date of 12/02/2024. A review of M&T’s long-term dividend history is essential for potential investors, as past performance can provide insight into the sustainability of future dividends.
Final Thoughts
Operating within the Banking & Savings sector, M&T Bank Corp stands alongside major players like JPMorgan Chase & Co (JPM) and Bank of America Corp (BAC). This recognition reinforces its status as a solid choice for investors seeking both reliable dividends and a commitment to social responsibility.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
