Marshall & Ilsley Corporation Announces Dividend on Common Stock and Senior Preferred Stock, Series B

Oct 21, 2010, 13:03 ET from Marshall & Ilsley Corporation

MILWAUKEE, Oct. 21 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (NYSE: MI) (M&I) today announced its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share on its common stock. The dividend is payable on December 10, 2010, to common stock shareholders of record at the close of business on December 1, 2010.

In addition, the Board of Directors declared a regular quarterly cash dividend of $21,437,500 in the aggregate on its Senior Preferred Stock, Series B. The Senior Preferred Stock, Series B was purchased from M&I by the U.S. Treasury as part of the U.S. Treasury's Capital Purchase Program. The Preferred Stock dividend is payable on November 15, 2010, to the shareholder of record at the close of business on November 1, 2010.

Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $51.9 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 192 offices throughout the state. In addition, M&I has 53 locations throughout Arizona; 36 offices along Florida's west coast and in central Florida; 33 offices in Indianapolis and nearby communities; 26 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; 17 offices in the greater St. Louis area; 15 offices in Kansas City and nearby communities; and one office in Las Vegas, Nev. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet ( or M&I's customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.

SOURCE Marshall & Ilsley Corporation