M & T Bank's Preferred Stock, Series J Yield Pushes Past 7%

In trading on Friday, shares of M & T Bank Corp's Dep Shares 7.500% Non-Cumulative Preferred Stock, Series J (MTB. RJ) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $26.78 on the day.