Trailing Dividend / Share
$5.74
M&T Bank Corporation (MTB) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.6%
Payout Ratio
31.5%
Sustainable
Dividend Streak
9 years
MTB Dividend Income Check
Safety
31.5% payout ratio with sustainable safety profile.
Consistency
9 straight years of dividend increases.
Income Trend
Yield on cost is 4.5% and trend is rising.
MTB Dividend Scorecard
Yield & Income
Dividend Yield2.6%
Trailing DPS$5.74
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout31.5%
Earnings SafetySustainable
FCF Payout30.5%
FCF SafetyWell Covered
Piotroski F-Score8/9
Growth
Growth Streak9 years
3Y CAGR5.9%
5Y CAGR5.3%
Yield on Cost (5Y)4.5%
YOC Trendrising
Total Returns
Buyback Yield7.5%
Total Shareholder Yield10.0%
1Y Total Return27.2%
5Y Total Return75.9%
Div Contribution (5Y)18.4%
Estimated $10K growth (return + dividends):
5Y ago$17,58810Y ago$23,00820Y ago$25,849
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MTB Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
MTB Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
M&T Bank Corporation distributes 31.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 30.5%, rated "Well Covered".
Piotroski F-Score: 8/9 — strong financial health.
Growth Track Record
MTB has raised its dividend for 9 consecutive years, with a 3-year CAGR of 5.9% and 5-year CAGR of 5.3%.
Total Shareholder Returns
Beyond cash dividends, MTB returns capital through share repurchases. The combined picture: 2.6% dividend yield, 7.5% buyback yield, 10.0% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.5% and is currently rising. The 5-year total return is 75.9%, with dividends contributing 18.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $23,008 today.
MTB Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$26.35
Avg/Payment$1.3175
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 1, 2026Latest | $1.5000 | — | 2.84% | Jun 30, 2026 |
| Mar 2, 2026 | $1.5000 | — | 2.67% | Mar 31, 2026 |
| Dec 1, 2025 | $1.5000 | — | 3.00% | Dec 31, 2025 |
| Sep 2, 2025 | $1.5000 | ↑ +11.1% | 2.79% | Sep 30, 2025 |
| Jun 2, 2025 | $1.3500 | — | 3.00% | Jun 30, 2025 |
| Mar 3, 2025 | $1.3500 | — | 2.86% | Mar 31, 2025 |
| Dec 2, 2024 | $1.3500 | — | 2.48% | Dec 31, 2024 |
| Sep 3, 2024 | $1.3500 | — | 3.09% | Sep 30, 2024 |
MTB Dividend vs Peers
Comparable companies in the same industry
#8 yield in peer group
Div Yield
2.6%
#8 of 8
Safety
Sustainable
31.5% payout
Streak
9Y
5.3% 5Y CAGR
Total Shareholder
10.0%
#1 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MTBM&T Bank Corporation | $35.2B | 2.6% | 31.5% | 9 | Sustainable |
 CFGCitizens Financial G… | $29.2B | 2.6% | 41.2% | 1 | Sustainable |
3rd  HBANHuntington Bancshare… | $26.7B | 3.6% | 41.1% | 0 | Sustainable |
2nd  RFRegions Financial Co… | $25.2B | 3.6% | 42.3% | 13 | Sustainable |
1st  KEYKeyCorp | $24.7B | 4.3% | 57.6% | 0 | Sustainable |
 FITBFifth Third Bancorp | $35.3B | 3.3% | 46.1% | 15 | Sustainable |
 SNVSynovus Financial Co… | $6.9B | 3.0% | 45.6% | 1 | Sustainable |
 USBU.S. Bancorp | $90.5B | 3.5% | 41.8% | 15 | Sustainable |
MTB Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.00 | — | 2 | — | — | — | 2.4% |
| 2025 | $5.70 | 6.5% | 4 | $17.00 | 33.5% | 2.98x | 4.5% |
| 2024 | $5.35 | 2.9% | 4 | $14.64 | 36.5% | 2.74x | 4.2% |
| 2023 | $5.20 | 8.3% | 4 | $15.79 | 32.9% | 3.04x | 4.1% |
| 2022 | $4.80 | 6.7% | 4 | $11.53 | 41.6% | 2.40x | 3.8% |
| 2021 | $4.50 | 2.3% | 4 | $13.80 | 32.6% | 3.07x | 3.5% |
| 2020 | $4.40 | 7.3% | 4 | $9.94 | 44.3% | 2.26x | 3.5% |
| 2019 | $4.10 | 15.5% | 4 | $13.75 | 29.8% | 3.35x | 3.2% |
| 2018 | $3.55 | 18.3% | 4 | $12.74 | 27.9% | 3.59x | 2.8% |
| 2017 | $3.00 | 7.1% | 4 | $8.70 | 34.5% | 2.90x | 2.4% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into MTB consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
41+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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MTB — Frequently Asked Questions
Quick answers to the most common questions about buying MTB stock.
How much dividend does MTB pay per share?
M&T Bank Corporation (MTB) pays a trailing 12-month dividend of $5.74 per share, with a current dividend yield of +2.6%. Payments are made Semi-Annual.
When is MTB's next ex-dividend date?
MTB's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MTB typically pays dividends Semi-Annual.
Is MTB's dividend safe?
MTB's dividend safety is rated "Sustainable" based on an earnings payout ratio of +31.5% and FCF payout ratio of +30.5%. The 9-year growth streak provides moderate confidence.
Is MTB a Dividend Payer?
Yes, M&T Bank Corporation is classified as a Dividend Payer with 9 consecutive years of dividend increases. The 5-year dividend CAGR is +5.3%, demonstrating above-inflation dividend growth.
How often does MTB pay dividends?
M&T Bank Corporation pays dividends Semi-Annual. The trailing 12-month total is $5.74 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in MTB grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MTB five years ago would be worth approximately $17,588 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MTB's yield on cost for long-term holders?
MTB's yield on cost — the current dividend divided by the original purchase price — is +4.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.6% market yield, thanks to consistent dividend growth.