BUFFALO, N.Y., Feb. 22, 2017 -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced that it has declared a quarterly cash dividend of $.75 per share on its common stock.

This represents an increase of $.05 per share, or 7%, from the previous $.70 per share dividend paid quarterly since September 2007. The dividend will be payable March 31, 2017 to shareholders of record at the close of business on March 6, 2017.

M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.