M&T Bank's last quarterly dividend was on Nov 30, 2023 (ex-date) with a distribution of $1.3 per share. On an annualized basis, the company has a current payout of $5.2 per share. This brings the dividend yield to 3.92% based on its recent close price.
MTB has a dividend yield of 3.92% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 3.39%, M&T Bank's dividend yield is 16% higher. Historically MTB's dividend yield has averaged at 3.1% in the last 5 years, which is lower than the current one.
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 8% since one year ago. And with the stock price down by 21% from a year ago, the dividend yield marks an increase of 37%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Nov 30, 2023 | Dec 29, 2023 | Nov 14, 2023 | $1.3 | normal |
Aug 31, 2023 | Sep 29, 2023 | Aug 15, 2023 | $1.3 | normal |
May 31, 2023 | Jun 30, 2023 | May 16, 2023 | $1.3 | normal |
Mar 3, 2023 | Mar 31, 2023 | Feb 22, 2023 | $1.3 | normal |
Nov 30, 2022 | Dec 30, 2022 | Nov 15, 2022 | $1.2 | normal |
Aug 31, 2022 | Sep 30, 2022 | Aug 16, 2022 | $1.2 | normal |
May 31, 2022 | Jun 30, 2022 | May 17, 2022 | $1.2 | normal |
Feb 25, 2022 | Mar 31, 2022 | Feb 15, 2022 | $1.2 | normal |
Nov 29, 2021 | Dec 31, 2021 | Nov 16, 2021 | $1.2 | normal |
Aug 31, 2021 | Sep 30, 2021 | Aug 17, 2021 | $1.1 | normal |
May 28, 2021 | Jun 30, 2021 | May 18, 2021 | $1.1 | normal |
Feb 26, 2021 | Mar 31, 2021 | Feb 17, 2021 | $1.1 | normal |
Nov 30, 2020 | Dec 31, 2020 | Nov 17, 2020 | $1.1 | normal |
Aug 31, 2020 | Sep 30, 2020 | Aug 18, 2020 | $1.1 | normal |
May 29, 2020 | Jun 30, 2020 | May 19, 2020 | $1.1 | normal |
Feb 28, 2020 | Mar 31, 2020 | Feb 19, 2020 | $1.1 | normal |
Nov 29, 2019 | Dec 31, 2019 | Nov 19, 2019 | $1.1 | normal |
Aug 30, 2019 | Sep 30, 2019 | Aug 20, 2019 | $1 | normal |
May 31, 2019 | Jun 28, 2019 | May 21, 2019 | $1 | normal |
Mar 1, 2019 | Mar 29, 2019 | Feb 20, 2019 | $1 | normal |
Nov 30, 2018 | Dec 31, 2018 | Nov 20, 2018 | $1 | normal |
Aug 31, 2018 | Sep 28, 2018 | Aug 21, 2018 | $1 | normal |
May 31, 2018 | Jun 29, 2018 | May 15, 2018 | $0.8 | normal |
Mar 2, 2018 | Mar 30, 2018 | Feb 21, 2018 | $0.75 | normal |
Nov 30, 2017 | Dec 29, 2017 | Nov 21, 2017 | $0.75 | normal |
Aug 30, 2017 | Sep 29, 2017 | Aug 15, 2017 | $0.75 | normal |
May 30, 2017 | Jun 30, 2017 | May 16, 2017 | $0.75 | normal |
Mar 2, 2017 | Mar 31, 2017 | Feb 22, 2017 | $0.75 | normal |
Nov 30, 2016 | Dec 30, 2016 | Nov 22, 2016 | $0.7 | normal |
Aug 30, 2016 | Sep 30, 2016 | Aug 16, 2016 | $0.7 | normal |
May 27, 2016 | Jun 30, 2016 | May 17, 2016 | $0.7 | normal |
Feb 26, 2016 | Mar 31, 2016 | Feb 18, 2016 | $0.7 | normal |
Oct 28, 2015 | Dec 29, 2015 | Oct 20, 2015 | $0.7 | normal |
Aug 28, 2015 | Sep 30, 2015 | $0.7 | normal |
MTB has a payout ratio of 29.7% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 36.5%, M&T Bank's payout ratio is 19% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
EGBN Eagle Bancorp Inc | 7.01% | $1.8 | 45.6% |
EVBN Evans Bancorp Inc | 4.77% | $1.32 | 35.3% |
PNC Pnc Financial Services Group Inc | 4.39% | $6.1 | 42.3% |
MTB M&T Bank Corp | 3.92% | $5.2 | 29.7% |
SHBI Shore Bancshares Inc | 3.8% | $0.48 | 64% |
BKU BankUnited Inc | 3.59% | $1.06 | 36.1% |
NBTB Nbt Bancorp Inc | 3.34% | $1.24 | 43.4% |
BAC Bank Of America Corp | 2.97% | $0.92 | 25.6% |
WFC Wells Fargo & Company | 2.89% | $1.3 | 27.8% |
CBSH Commerce Bancshares Inc | 2.18% | $1.08 | 27.1% |
WTFC Wintrust Financial Corp | 1.79% | $1.6 | 15.8% |
Yes, M&T Bank has been paying dividends for the last 29 years.
MTB hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in February 2024.
M&T Bank's last regular dividend was on Nov 30, 2023 (ex-date) with the amount of $1.3 per share.
MTB's annualized dividend per share is $5.2.
The current dividend yield of M&T Bank is 3.92%.
M&T Bank pays dividends quarterly.
The dividend payout ratio of M&T Bank is 29.7%.
M&T Bank's dividend yield is higher than the Financial Services sector average.