MTB-P-J: M&T BANK CORP 7.5% Series J Preferred Stock
M&T BANK CORP's MTB-P-J is an exchange-traded preferred stock in the Banks sector.
At a recent price of $25.82, MTB-P-J yields 7.26% on its $25 liquidation preference and 7.5% coupon.
It trades at a premium of 3.3% to par.
The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2029-06-15.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.