M & T Bank's Preferred Stock, Series A Shares Cross 6% Yield Mark

In trading on Friday, shares of M & T Bank Corp's Fixed-to-floating rate non-cumulative perpetual preferred stock, Series A (MTB. RH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $23.09 on the day.