M&T Bank (MTB) Dividend History & Yield
Dividend ContenderM&T Bank (MTB) has increased its dividend for 10 consecutive years and currently yields 2.78%. The most recent dividend was $1.5000/share on Mar 31, 2026, paid Quarterly.
MTB
Current Yield
2.78%
TTM Dividend/Share
$5.85
Payment Frequency
Quarterly
Payout Ratio
32.6%
Consecutive Growth Years
10 (Dividend Contender)
Div Growth (1Y CAGR)
6.54%
Div Growth (5Y CAGR)
5.31%
Div Growth (10Y CAGR)
7.37%
MTB: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.1%
FCF payout ratio
8.1%
Net debt / EBITDA
0.7x
Interest coverage
1.10x
ROIC (TTM)
12.7%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 32.6%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($17.51) covers dividend/share ($5.85).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
10 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 8.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.7x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.3%) exceeds EPS growth (2.8%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 1, 2026
- Payment date
- Jun 30, 2026
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Mar 2, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Dec 1, 2025
- Payment date
- Dec 31, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Sep 2, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Jun 2, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Mar 3, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Dec 2, 2024
- Payment date
- Dec 31, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Sep 3, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Jun 3, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Mar 1, 2024
- Payment date
- Mar 29, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Nov 30, 2023
- Payment date
- Dec 29, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Aug 31, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 1, 2026 | Jun 30, 2026 | $1.5000 | $1.5000 |
| Mar 2, 2026 | Mar 31, 2026 | $1.5000 | $1.5000 |
| Dec 1, 2025 | Dec 31, 2025 | $1.5000 | $1.5000 |
| Sep 2, 2025 | Sep 30, 2025 | $1.5000 | $1.5000 |
| Jun 2, 2025 | Jun 30, 2025 | $1.3500 | $1.3500 |
| Mar 3, 2025 | Mar 31, 2025 | $1.3500 | $1.3500 |
| Dec 2, 2024 | Dec 31, 2024 | $1.3500 | $1.3500 |
| Sep 3, 2024 | Sep 30, 2024 | $1.3500 | $1.3500 |
| Jun 3, 2024 | Jun 28, 2024 | $1.3500 | $1.3500 |
| Mar 1, 2024 | Mar 29, 2024 | $1.3000 | $1.3000 |
| Nov 30, 2023 | Dec 29, 2023 | $1.3000 | $1.3000 |
| Aug 31, 2023 | Sep 29, 2023 | $1.3000 | $1.3000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
M&T Bank has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 10 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.7000 | — | — |
| 2025 | $5.3500 | $5.7000 | +6.5% |
| 2024 | $5.2000 | $5.3500 | +2.9% |
| 2023 | $4.8000 | $5.2000 | +8.3% |
| 2022 | $4.5000 | $4.8000 | +6.7% |
| 2021 | $4.4000 | $4.5000 | +2.3% |
| 2020 | $4.1000 | $4.4000 | +7.3% |
| 2019 | $3.5500 | $4.1000 | +15.5% |
| 2018 | $3.0000 | $3.5500 | +18.3% |
| 2017 | $2.8000 | $3.0000 | +7.1% |
| 2016 | $2.8000 | $2.8000 | 0.0% |
| 2015 | $2.8000 | $2.8000 | 0.0% |
| 2014 | $2.8000 | $2.8000 | 0.0% |
| 2013 | $2.8000 | $2.8000 | 0.0% |
| 2012 | $2.8000 | $2.8000 | 0.0% |
| 2011 | $2.8000 | $2.8000 | 0.0% |
| 2010 | $2.8000 | $2.8000 | 0.0% |
| 2009 | $2.8000 | $2.8000 | 0.0% |
| 2008 | $2.6000 | $2.8000 | +7.7% |
| 2007 | $2.2500 | $2.6000 | +15.6% |
| 2006 | $1.7500 | $2.2500 | +28.6% |
| 2005 | $1.6000 | $1.7500 | +9.4% |
| 2004 | $1.2000 | $1.6000 | +33.3% |
| 2003 | $1.0500 | $1.2000 | +14.3% |
| 2002 | $1.0000 | $1.0500 | +5.0% |
| 2001 | $0.6250 | $1.0000 | +60.0% |
| 2000 | $0.4500 | $0.6250 | +38.9% |
| 1999 | $0.3800 | $0.4500 | +18.4% |
| 1998 | $0.3200 | $0.3800 | +18.8% |
| 1997 | $0.2800 | $0.3200 | +14.3% |
| 1996 | $0.2500 | $0.2800 | +12.0% |
| 1995 | $0.2200 | $0.2500 | +13.6% |
| 1994 | $0.1800 | $0.2200 | +22.2% |
| 1993 | $0.1600 | $0.1800 | +12.5% |
| 1992 | $0.1400 | $0.1600 | +14.3% |
| 1991 | $0.1250 | $0.1400 | +12.0% |
| 1990 | $0.1100 | $0.1250 | +13.6% |
| 1989 | $0.0950 | $0.1100 | +15.8% |
| 1988 | $0.0800 | $0.0950 | +18.8% |
| 1987 | $1.4000 | $0.0800 | -94.3% |
| 1986 | $1.2500 | $1.4000 | +12.0% |
| 1985 | — | $1.2500 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for M&T Bank (MTB) from the consolidated cash flow statement, in USD as filed.
Latest period
$901.00M
YoY change
+0.4%
5Y CAGR
+9.6%
Peak year (2025)
$899.00M
Latest annual
$899.00M
Cash dividends paid over time for M&T Bank (MTB)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for M&T Bank (MTB)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $899.00M | +0.4% | +$4.00M | ||
| 2024 | $895.00M | +3.1% | +$27.00M | ||
| 2023 | $868.00M | +10.7% | +$84.00M | ||
| 2022 | $784.00M | +35.2% | +$204.00M | ||
| 2021 | $580.00M | +2.1% | +$11.89M | ||
| 2020 | $568.11M | +2.9% | +$15.97M | ||
| 2019 | $552.14M | +8.2% | +$41.76M | ||
| 2018 | $510.38M | +11.6% | +$52.98M | ||
| 2017 | $457.40M | +3.5% | +$15.51M | ||
| 2016 | $441.89M | +17.8% | +$66.87M | ||
| 2015 | $375.02M | +1.0% | +$3.82M | ||
| 2014 | $371.20M | +1.6% | +$5.85M | ||
| 2013 | $365.35M | +2.1% | +$7.63M | ||
| 2012 | $357.72M | +2.2% | +$7.59M | ||
| 2011 | $350.13M | +4.4% | +$14.83M | ||
| 2010 | $335.30M | +2.9% | +$9.60M | ||
| 2009 | $325.71M | +5.6% | +$17.20M | ||
| 2008 | $308.50M | +9.4% | +$26.60M | ||
| 2007 | $281.90M | +12.8% | +$32.08M | ||
| 2006 | $249.82M | +25.8% | +$51.20M | ||
| 2005 | $198.62M | +5.8% | +$10.95M | ||
| 2004 | $187.67M | +38.6% | +$52.25M | ||
| 2003 | $135.42M | +39.8% | +$38.56M | ||
| 2002 | $96.86M | +1.0% | +$986,000 | ||
| 2001 | $95.87M | +84.4% | +$43.88M | ||
| 2000 | $51.99M | +48.1% | +$16.89M | ||
| 1999 | $35.10M | +21.0% | +$6.10M | ||
| 1998 | $29.00M | +36.8% | +$7.80M | ||
| 1997 | $21.20M | +8.7% | +$1.70M | ||
| 1996 | $19.50M | -1.5% | -$300,000 | ||
| 1995 | $19.80M | +8.2% | +$1.50M | ||
| 1994 | $18.30M | +9.6% | +$1.60M | ||
| 1993 | $16.70M | +16.0% | +$2.30M | ||
| 1992 | $14.40M | +18.0% | +$2.20M | ||
| 1991 | $12.20M | +47.0% | +$3.90M | ||
| 1990 | $8.30M | +9.2% | +$700,000 | ||
| 1989 | $7.60M | — | — |
The 2025 reading of M&T Bank (MTB) dividends paid is $899.00M – edged up 0.4% year-over-year.
Over 2020–2025 (5 years), M&T Bank dividends paid expanded at a +9.6% compound annual rate, sustaining 29 straight years of year-over-year growth.
2025 marks the peak dividends paid at $899.00M, with the historical low of $7.60M recorded in 1989.
Among 8 Financial Services peers, M&T Bank (MTB) ranks 8th; the peer median for dividends paid is $5.36B.
M&T Bank Dividends Paid 2025: $899.00M
M&T Bank dividends paid in 2025 was $899.00M, edged up 0.4% from 2024. This figure represents the highest annual value in the available history.
M&T Bank Dividends Paid 2024: $895.00M
M&T Bank dividends paid in 2024 was $895.00M, edged up 3.1% from 2023.
M&T Bank Dividends Paid 2023: $868.00M
M&T Bank dividends paid in 2023 was $868.00M, grew 10.7% from 2022.
M&T Bank Dividends Paid 2022: $784.00M
M&T Bank dividends paid in 2022 was $784.00M, surged 35.2% from 2021.
M&T Bank Dividends Paid 2021: $580.00M
M&T Bank dividends paid in 2021 was $580.00M.
See more financial history for M&T Bank (MTB).
Sector peers by dividends paid
Companies in the same sector as M&T Bank, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does M&T Bank pay dividends?
Yes, M&T Bank (MTB) pays quarterly dividends of approximately $5.85 per share annually, yielding 2.78%.
What is M&T Bank's dividend yield?
M&T Bank (MTB) has a current dividend yield of 2.78%.
Is M&T Bank's dividend safe?
M&T Bank (MTB) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has M&T Bank increased its dividend?
M&T Bank (MTB) has 10 consecutive years of dividend increases.
What is M&T Bank's dividend payout ratio?
M&T Bank (MTB) has a dividend payout ratio of 32.6%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is M&T Bank's dividends paid?
Latest reported dividends paid for M&T Bank (MTB) is $901.00M (period ending March 31, 2026).
How has M&T Bank dividends paid changed year-over-year?
M&T Bank (MTB) dividends paid changed +0.4% year-over-year on the latest annual filing.
What is the long-term growth rate of M&T Bank dividends paid?
M&T Bank (MTB) dividends paid compound annual growth rate is +9.6% over the most recent 5 years available.
When did M&T Bank dividends paid hit its highest annual value?
M&T Bank dividends paid reached its highest annual value of $899.00M in 2025.
What was M&T Bank dividends paid in 2024?
M&T Bank (MTB) dividends paid in 2024 was $895.00M.
What was M&T Bank dividends paid in 2025?
M&T Bank (MTB) dividends paid in 2025 was $899.00M.
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