M&T Bank Corporation
MTBFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
2.77%
Annual Dividend
$6.00
Payout Ratio
32%
5-Yr Growth
5.3%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Key facts about MTB's dividend
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, M&T Bank Corporation (MTB) has a forward dividend yield of 2.77%, based on an annual dividend of $6.00 per share and a share price of $216.63.
- As of Oct 8, 2026, MTB's dividend safety grade from SmarterDividends is A (97 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, M&T Bank Corporation (MTB) has raised its dividend for 9 consecutive years as of Oct 8, 2026.
- MTB has never cut its regular dividend in the payment history SmarterDividends has on record.
- MTB's most recent ex-dividend date was Sep 1, 2026, for a dividend of $1.50 per share.
- As of Oct 8, 2026, MTB pays out 32% of its trailing 12-month earnings as dividends (its payout ratio).
- MTB's dividend has grown at an average rate of 5.3% a year over the past five years.
- As of Oct 8, 2026, MTB's 2.77% yield is 14% below its five-year average yield of 3.21%.
- As of Oct 8, 2026, SmarterDividends' blended fair-value estimate for MTB is $318.23 per share, 47% above the $216.63 share price, so MTB screens as undervalued.
- M&T Bank Corporation (MTB) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "MTB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 8, 2026, https://smarterdividends.com/stocks/MTB
Summary
As of Oct 8, 2026, M&T Bank Corporation (MTB) yields 2.77% ($6.00 a year per share), has a dividend safety grade of A (97/100) and has 9 consecutive years of dividend increases on record.
Is MTB a good dividend stock?
YesM&T Bank Corporation (MTB) pays a quarterly dividend yielding 2.77% ($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
- 49% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.77%
- Payout Ratio
- 32%
- Annual Dividend
- $6.00
- 5-Yr Avg Growth
- 5.3%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 9
- Frequency
- quarterly
- Beta
- 0.61
- Market Cap
- $31.4B
- P/E Ratio
- 11.6
- 5-Yr Total Return
- 49%
- 52-Week Range
- $174.76 – $255.95
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
Is MTB a good dividend stock?
Yes. M&T Bank Corporation (MTB) pays a quarterly dividend yielding 2.77% ($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.
Is MTB undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MTB's fair value is about $318.23 versus a $216.63 share price — so it looks undervalued (+47% vs. fair value).
Is MTB's dividend safe?
MTB has a dividend-safety grade of A (97/100), based on its payout coverage, free-cash-flow, 9-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is MTB's fair value?
Our blended fair-value estimate for MTB is about $318.23 per share, roughly 47% above the current $216.63 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MTB a buy, hold, or sell?
We don't issue formal ratings, but on the data MTB screens as "yes" and undervalued. M&T Bank Corporation (MTB) pays a quarterly dividend yielding 2.77% ($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. This is research for your own analysis, not investment advice.
Will MTB cut its dividend?
MTB earns a dividend-safety grade of A (97/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MTB pay a dividend?
Yes. M&T Bank Corporation pays a quarterly dividend of about $6.00 per share annually, a forward yield of roughly 2.77%.
What is MTB's dividend yield?
As of Oct 8, 2026, MTB's forward dividend yield is 2.77%, based on a $6.00 annual dividend and a $216.63 share price.
What is MTB's dividend per share?
As of Oct 8, 2026, MTB pays $6.00 per share per year, distributed on a quarterly basis.
What is MTB's dividend payout ratio?
As of Oct 8, 2026, MTB's payout ratio is 32% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has MTB grown its dividend?
As of Oct 8, 2026, MTB has increased its dividend for 9 consecutive years.
When is the next MTB ex-dividend date?
As of Oct 8, 2026, MTB's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $1.50 per share.
MTB Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
+94%
5 Years
+49%
52-Week Range
$174.76 – $255.95
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MTB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for M&T Bank Corporation is $318.23 per share, versus a market price of $216.63. That implies 47% of upside — a margin of safety of about 32%.
Fair Value
$318.23
Current Price
$216.63
Upside
+47%
Margin of Safety
32%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $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
Full MTB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | Sep 30, 2026 | $1.5000 | regular |
| Jun 1, 2026 | Jun 30, 2026 | $1.5000 | regular |
| Mar 2, 2026 | Mar 31, 2026 | $1.5000 | regular |
| Dec 1, 2025 | Dec 31, 2025 | $1.5000 | regular |
| Sep 2, 2025 | Sep 30, 2025 | $1.5000 | regular |
| Jun 2, 2025 | Jun 30, 2025 | $1.3500 | regular |
| Mar 3, 2025 | Mar 31, 2025 | $1.3500 | regular |
| Dec 2, 2024 | Dec 31, 2024 | $1.3500 | regular |
| Sep 3, 2024 | Sep 30, 2024 | $1.3500 | regular |
| Jun 3, 2024 | Jun 28, 2024 | $1.3500 | regular |
| Mar 1, 2024 | Mar 29, 2024 | $1.3000 | regular |
| Nov 30, 2023 | Dec 29, 2023 | $1.3000 | regular |
| Aug 31, 2023 | Sep 29, 2023 | $1.3000 | regular |
| May 31, 2023 | Jun 30, 2023 | $1.3000 | regular |
Income Calculator
At $6.00 / yr per share
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