MTB M&T Bank dividend history, payout ratio & dates
M&T Bank's last dividend was on Sep 3, 2024 (ex-date) with a distribution of $1.35 per share. On an annualized basis, the company has a current payout of $5.3 per share. This brings the dividend yield to 3.14% based on its recent close price.
Key dates
- MTB last dividend date: Sep 3, 2024
MTB dividend stats
vs. Financial Services sector
Dividend yield
MTB has a dividend yield of 3.14% which is higher than the Financial Services sector and its peers average but lower than the industry average. In comparison with the Financial Services sector average of 2.98%, M&T Bank's dividend yield is 5% higher. Historically MTB's dividend yield has averaged at 3.3% in the last 5 years, which is in line with the current one.
Dividend history
M&T Bank has been paying dividends since 1994. MTB has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 3.9% since one year ago. But with the stock price up by 39% from a year ago, the dividend yield marks a decrease of 25%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 3, 2024 | $1.35 | 3.09% |
| Jun 3, 2024 | $1.35 | 3.54% |
| Mar 1, 2024 | $1.3 | 3.8% |
| Nov 30, 2023 | $1.3 | 4.06% |
| Aug 31, 2023 | $1.3 | 4.08% |
| May 31, 2023 | $1.3 | 4.2% |
| Mar 3, 2023 | $1.3 | 3.21% |
| Nov 30, 2022 | $1.2 | 2.82% |
| Aug 31, 2022 | $1.2 | 2.64% |
| May 31, 2022 | $1.2 | 2.61% |
| Feb 25, 2022 | $1.2 | 2.51% |
| Nov 29, 2021 | $1.2 | 2.96% |
| Aug 31, 2021 | $1.1 | 3.14% |
| May 28, 2021 | $1.1 | 2.74% |
| Feb 26, 2021 | $1.1 | 2.92% |
| Nov 30, 2020 | $1.1 | 3.78% |
| Aug 31, 2020 | $1.1 | 4.26% |
| May 29, 2020 | $1.1 | 4.07% |
| Feb 28, 2020 | $1.1 | 2.99% |
| Nov 29, 2019 | $1.1 | 2.49% |
| Aug 30, 2019 | $1 | 2.74% |
| May 31, 2019 | $1 | 2.51% |
| Mar 1, 2019 | $1 | 2.2% |
| Nov 30, 2018 | $1 | 2.1% |
| Aug 31, 2018 | $1 | 1.86% |
| May 31, 2018 | $0.8 | 1.77% |
| Mar 2, 2018 | $0.75 | 1.57% |
| Nov 30, 2017 | $0.75 | 1.78% |
| Aug 30, 2017 | $0.75 | 1.98% |
| May 30, 2017 | $0.75 | 1.83% |
| Mar 2, 2017 | $0.75 | 1.71% |
| Nov 30, 2016 | $0.7 | 1.95% |
| Aug 30, 2016 | $0.7 | 2.37% |
| May 27, 2016 | $0.7 | 2.35% |
| Feb 26, 2016 | $0.7 | 2.64% |
| Oct 28, 2015 | $0.7 | 2.79% |
| Aug 28, 2015 | $0.7 | 2.35% |
| May 28, 2015 | $0.7 | 2.3% |
| Feb 26, 2015 | $0.7 | 2.31% |
M&T Bank dividend payout ratio
Payout ratio
MTB has a payout ratio of 39.1% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 43.6%, M&T Bank's payout ratio is 10% lower.
Total amount of dividends paid per financial year (from cash flow)
MTB dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| EGBN Eagle Bancorp Inc | 8.55% | $1.8 | N/A |
| EVBN Evans Bancorp Inc | 3.62% | $1.32 | 38% |
| SHBI Shore Bancshares Inc | 3.5% | $0.48 | 69.6% |
| PNC Pnc Financial Services Group Inc | 3.42% | $6.25 | 52.3% |
| MTB M&T Bank Corp | 3.14% | $5.3 | 39.1% |
| BKU BankUnited Inc | 3.1% | $1.12 | 49.6% |
| NBTB Nbt Bancorp Inc | 2.83% | $1.3 | 50% |
| WFC Wells Fargo & Company | 2.66% | $1.45 | 29.4% |
| BAC Bank Of America Corp | 2.48% | $0.98 | 34.1% |
| CBSH Commerce Bancshares Inc | 1.75% | $1.08 | 30% |
| WTFC Wintrust Financial Corp | 1.66% | $1.75 | 17.9% |
Frequently asked questions
Does M&T Bank pay a dividend?
Yes, M&T Bank has been paying dividends for the last 30 years.
When was MTB's last dividend?
M&T Bank's last regular dividend was on Sep 3, 2024 (ex-date) with the amount of $1.35 per share.
How much dividend does M&T Bank pay (per share)?
MTB's annualized dividend per share is $5.3.
What is M&T Bank's dividend yield?
The current dividend yield of M&T Bank is 3.14%.
How often does M&T Bank pay dividends?
M&T Bank pays dividends quarterly.
What is M&T Bank's dividend payout ratio?
The dividend payout ratio of M&T Bank is 39.1%.
Does M&T Bank pay a good dividend?
M&T Bank's dividend yield is higher than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.