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NEW YORK (

TheStreet

) -- The ex-dividend date for

M & T Bank Corporation

(NYSE:

MTB

) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $89.70 as of 9:31 a.m. ET, the dividend yield is 3.1%.

The average volume for M & T has been 871,500 shares per day over the past 30 days. M & T has a market cap of $10.9 billion and is part of the

financial

sector and

banking

TheStreet Recommends

industry. Shares are up 2.9% year to date as of the close of trading on Tuesday.

M&T Bank Corporation operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. The company has a P/E ratio of 15.6, below the average banking industry P/E ratio of 16 and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates M & T as buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

M & T Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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