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MTB - 7.3% Yield And Investment Grade? Yes! M&T Bank
M&T Bank Corporation
2024-06-21 08:30:00 ET
Summary
Individual preferred securities have delivered significant total returns over the past year.
Amidst elevated interest rates, quality companies are offering new high-coupon preferreds and bonds. M&T Bank Corporation's latest issue is one such high-quality opportunity.
As an income investor, we are delighted by these opportunities and are buying M&T Bank Corporation shares before the Fed makes a policy change.