M&T Bank Corporation
MTBFinancial Services · Stock · quarterly payer
Forward Yield
2.40%
Annual Dividend
$6.00
Payout Ratio
32%
5-Yr Growth
5.3%
Ex-Date
Jun 1, 2026
Frequency
Quarterly
Summary
As of July 2026, M&T Bank Corporation (MTB) yields 2.40% ($6.00 per share annually), with a blended fair-value estimate of $589.99 — +136% upside, so it screens as undervalued. Dividend safety grade: A (97/100). 9 years of dividend growth.
Is MTB a good dividend stock?
YesM&T Bank Corporation (MTB) pays a quarterly dividend yielding 2.40% ($6.00/yr), with 9 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (32%)
- Strong 5.3% 5-yr dividend growth
- 78% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.40%
- Payout Ratio
- 32%
- Annual Dividend
- $6.00
- 5-Yr Avg Growth
- 5.3%
- Ex-Dividend Date
- Jun 1, 2026
- Years of Growth
- 9
- Frequency
- quarterly
- Beta
- 0.57
- Market Cap
- $36.2B
- P/E Ratio
- 13.2
- 5-Yr Total Return
- 78%
- 52-Week Range
- $174.76 – $255.00
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
MTB Price — Last 12 Months
Daily close
Price Return
1 Year
+24%
3 Years
+100%
5 Years
+78%
52-Week Range
$174.76 – $255.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MTB worth?
Undervaluedlow confidenceOur blended fair-value estimate for M&T Bank Corporation is $589.99 per share, versus a market price of $249.60. That implies 136% of upside — a margin of safety of about 58%.
Fair Value
$589.99
Current Price
$249.60
Upside
+136%
Margin of Safety
58%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 14.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.1% discount rate (CAPM), 14.2% stage-1 growth, 2.5% terminal growth, $18.89 EPS, $6.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MTB Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 1, 2026 | — | $1.5000 | regular |
| Mar 2, 2026 | — | $1.5000 | regular |
| Dec 1, 2025 | — | $1.5000 | regular |
| Sep 2, 2025 | — | $1.5000 | regular |
| Jun 2, 2025 | — | $1.3500 | regular |
| Mar 3, 2025 | — | $1.3500 | regular |
| Dec 2, 2024 | — | $1.3500 | regular |
| Sep 3, 2024 | — | $1.3500 | regular |
| Jun 3, 2024 | — | $1.3500 | regular |
| Mar 1, 2024 | — | $1.3000 | regular |
| Nov 30, 2023 | — | $1.3000 | regular |
| Aug 31, 2023 | — | $1.3000 | regular |
| May 31, 2023 | — | $1.3000 | regular |
| Mar 3, 2023 | — | $1.3000 | regular |
Income Calculator
At $6.00 / yr per share
