NEW YORK (

TheStreet

) -- The ex-dividend date for

M&T Bank

(NYSE:

MTB

) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $81.87 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for M&T has been 960,800 shares per day over the past 30 days. M&T has a market cap of $10.26 billion and is part of the

financial

sector and

banking

industry. Shares are up 7.8% 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 13, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates M&T as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

M&T Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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