M&T Bank Corp

NYSE : MTB
USA·Financial Services·Banks·Ordinary Shares
$215.28
+0.84 (+0.33%)Oct 16 close
Market Cap
$31.97B
Enterprise Value
$35.08B
P/E (TTM)
11.37
P/B
1.22
Net Cash / (Debt)
—
52-Week Range
$181 — $254
5-Year Range
$109 — $254
Avg Volume (3M)
1.10M
Dividend Yield (TTM)
2.09%
vs 5Y avg 3.02% · 10Y avg 2.80%
Dividend Yield (Forward)
2.79%
4 payments/yr (spacing)
Dividends / Share (TTM)
$4.50
Forward (annualized): $6.00
Payout Ratio (EPS, TTM)
31.7%
Payout Ratio (FCF, TTM)
25.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.9%5Y5.3%10Y7.4%
Consecutive Growth Years
9
as of 2025
Years Without a Cut
40
as of 2025
Total Shareholder Yield (TTM)
10.00%
Div 2.91% + Net buyback 7.10%

Growth, streak and CAGR figures exclude special dividends.

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
10.0%
Dividends 2.9% + Net buybacks 7.1%
Net Buyback (TTM)
$2.60B
Gross $2.60B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is accelerating (6.5% latest vs 6.0% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20255.70+6.5%1
20245.35+2.9%1
20235.20+8.3%1
20224.80+6.7%0
20214.50+2.3%1
20204.40+7.3%0
20194.10+15.5%1
20183.55+18.3%2
20173.00+7.1%1
20162.800.0%0
20152.800.0%0
20142.800.0%0
20132.800.0%0
20122.800.0%0
20112.800.0%0

Special dividends are excluded from these figures. Based on 166 regular payments.

Payment history (166 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-06-01$1.5–0.0%Cashquarterly2026-04-212026-06-012026-06-30
2026-03-02$1.5–0.0%Cashquarterly2026-02-182026-03-022026-03-31
2025-12-01$1.5–0.0%Cashquarterly2025-11-182025-12-012025-12-31
2025-09-02$1.5–+11.1%Cashquarterly2025-08-122025-09-022025-09-30
2025-06-02$1.35–0.0%Cashquarterly2025-05-202025-06-022025-06-30
2025-03-03$1.35–0.0%Cashquarterly2025-02-192025-03-032025-03-31
2024-12-02$1.35–0.0%Cashquarterly2024-11-192024-12-022024-12-31
2024-09-03$1.35–0.0%Cashquarterly2024-08-202024-09-032024-09-30
2024-06-03$1.35–+3.8%Cashquarterly2024-05-212024-06-032024-06-28
2024-03-01$1.3–0.0%Cashquarterly2024-02-212024-03-042024-03-29
2023-11-30$1.3–0.0%Cashquarterly2023-11-142023-12-012023-12-29
2023-08-31$1.3–0.0%Cashquarterly2023-08-152023-09-012023-09-29
2023-05-31$1.3–0.0%Cashquarterly2023-05-162023-06-012023-06-30
2023-03-03$1.3–+8.3%Cashquarterly2023-02-222023-03-062023-03-31
2022-11-30$1.2–0.0%Cashquarterly2022-11-152022-12-012022-12-30
2022-08-31$1.2–0.0%Cashquarterly2022-08-162022-09-012022-09-30
2022-05-31$1.2–0.0%Cashquarterly2022-05-172022-06-012022-06-30
2022-02-25$1.2–0.0%Cashquarterly2022-02-152022-02-282022-03-31
2021-11-29$1.2–+9.1%Cashquarterly2021-11-162021-11-302021-12-31
2021-08-31$1.1–0.0%Cashquarterly2021-08-172021-09-012021-09-30
2021-05-28$1.1–0.0%Cashquarterly2021-05-182021-06-012021-06-30
2021-02-26$1.1–0.0%Cashquarterly2021-02-192021-03-012021-03-31
2020-11-30$1.1–0.0%Cashquarterly2020-11-172020-12-012020-12-31
2020-08-31$1.1–0.0%Cashquarterly2020-08-182020-09-012020-09-30
2020-05-29$1.1–0.0%Cashquarterly2020-05-192020-06-012020-06-30
2020-02-28$1.1–0.0%Cashquarterly2020-02-192020-03-022020-03-31
2019-11-29$1.1–+10.0%Cashquarterly2019-11-192019-12-022019-12-31
2019-08-30$1–0.0%Cashquarterly2019-08-202019-09-032019-09-30
2019-05-31$1–0.0%Cashquarterly2019-05-212019-06-032019-06-28
2019-03-01$1–0.0%Cashquarterly2019-02-202019-03-042019-03-29
2018-11-30$1–0.0%Cashquarterly2018-11-202018-12-032018-12-31
2018-08-31$1–+25.0%Cashquarterly2018-08-212018-09-042018-09-28
2018-05-31$0.8–+6.7%Cashquarterly2018-05-152018-06-012018-06-29
2018-03-02$0.75–0.0%Cashquarterly2018-02-222018-03-052018-03-30
2017-11-30$0.75–0.0%Cashquarterly2017-11-222017-12-012017-12-29
2017-08-30$0.75–0.0%Cashquarterly2017-08-152017-09-012017-09-29
2017-05-30$0.75–0.0%Cashquarterly2017-05-172017-06-012017-06-30
2017-03-02$0.75–+7.1%Cashquarterly2017-02-222017-03-062017-03-31
2016-11-30$0.7–0.0%Cashquarterly2016-11-222016-12-022016-12-30
2016-08-30$0.7–0.0%Cashquarterly2016-08-162016-09-012016-09-30
2016-05-27$0.7–0.0%Cashquarterly2016-05-182016-06-012016-06-30
2016-02-26$0.7–0.0%Cashquarterly2016-02-182016-03-012016-03-31
2015-10-28$0.7–0.0%Cashquarterly2015-10-202015-10-302015-12-29
2015-08-28$0.7–0.0%Cashquarterly2015-07-222015-09-012015-09-30
2015-05-28$0.7–0.0%Cashquarterly2015-05-192015-06-012015-06-30
2015-02-26$0.7–0.0%Cashquarterly2015-02-192015-03-022015-03-31
2014-11-26$0.7–0.0%Cashquarterly2014-11-182014-12-012014-12-31
2014-08-28$0.7–0.0%Cashquarterly2014-08-202014-09-022014-09-30
2014-05-29$0.7–0.0%Cashquarterly2014-05-202014-06-022014-06-30
2014-02-27$0.7–0.0%Cashquarterly2014-02-192014-03-032014-03-31
2013-11-27$0.7–0.0%Cashquarterly2013-11-192013-12-022013-12-31
2013-08-29$0.7–0.0%Cashquarterly2013-08-202013-09-032013-09-30
2013-05-30$0.7–0.0%Cashquarterly2013-05-222013-06-032013-06-28
2013-02-28$0.7–0.0%Cashquarterly2013-02-202013-03-042013-03-29
2012-11-29$0.7–0.0%Cashquarterly2012-11-202012-12-032012-12-31
2012-08-30$0.7–0.0%Cashquarterly2012-08-222012-09-042012-09-28
2012-05-30$0.7–0.0%Cashquarterly2012-05-162012-06-012012-06-29
2012-03-01$0.7–0.0%Cashquarterly2012-02-232012-03-052012-03-30
2011-11-29$0.7–0.0%Cashquarterly2011-11-172011-12-012011-12-30
2011-08-30$0.7–0.0%Cashquarterly2011-08-182011-09-012011-09-30
2011-05-27$0.7–0.0%Cashquarterly2011-05-182011-06-012011-06-30
2011-02-24$0.7–0.0%Cashquarterly2011-02-172011-02-282011-03-31
2010-11-29$0.7–0.0%Cashquarterly2010-11-182010-12-012010-12-31
2010-08-30$0.7–0.0%Cashquarterly2010-08-182010-09-012010-09-30
2010-05-27$0.7–0.0%Cashquarterly2010-05-202010-06-012010-06-30
2010-02-24$0.7–0.0%Cashquarterly2010-02-172010-02-262010-03-31
2009-11-27$0.7–0.0%Cashquarterly2009-11-182009-12-012009-12-31
2009-08-28$0.7–0.0%Cashquarterly2009-08-192009-09-012009-09-30
2009-05-28$0.7–0.0%Cashquarterly2009-05-212009-06-012009-06-30
2009-02-25$0.7–0.0%Cashquarterly2009-02-192009-02-272009-03-31
2008-11-26$0.7–0.0%Cashquarterly2008-11-192008-12-012008-12-31
2008-08-28$0.7–0.0%Cashquarterly2008-07-242008-09-022008-09-30
2008-05-29$0.7–0.0%Cashquarterly2008-04-152008-06-022008-06-30
2008-02-27$0.7–0.0%Cashquarterly2008-02-192008-02-292008-03-31
2007-12-13$0.7–0.0%Cashquarterly2007-11-202007-12-172007-12-31
2007-08-30$0.7–+16.7%Cashquarterly2007-07-172007-09-042007-09-28
2007-05-30$0.6–0.0%Cashquarterly2007-04-172007-06-012007-06-29
2007-02-26$0.6–0.0%Cashquarterly2007-02-202007-02-282007-03-30
2006-11-29$0.6–0.0%Cashquarterly2006-11-212006-12-012006-12-29
2006-08-30$0.6–0.0%Cashquarterly2006-07-252006-09-012006-09-29
2006-05-30$0.6–+33.3%Cashquarterly2006-04-182006-06-012006-06-30
2006-02-24$0.45–0.0%Cashquarterly2006-02-212006-02-282006-03-31
2005-11-29$0.45–0.0%Cashquarterly2005-11-162005-12-012005-12-30
2005-08-30$0.45–0.0%Cashquarterly2005-07-282005-09-012005-09-30
2005-05-27$0.45–+12.5%Cashquarterly2005-04-212005-06-012005-06-30
2005-02-24$0.4–0.0%Cashquarterly2005-01-132005-02-282005-03-31
2004-11-29$0.4–0.0%Cashquarterly2004-10-272004-12-012004-12-31
2004-08-31$0.4–0.0%Cashquarterly2004-07-282004-09-022004-09-30
2004-05-27$0.4–0.0%Cashquarterly2004-04-212004-06-012004-06-30
2004-02-25$0.4–+33.3%Cashquarterly2004-01-162004-02-272004-03-31
2003-11-26$0.3–0.0%Cashquarterly2003-10-222003-12-012003-12-31
2003-08-28$0.3–0.0%Cashquarterly2003-07-162003-09-022003-09-30
2003-05-29$0.3–0.0%Cashquarterly2003-05-212003-06-022003-06-30
2003-02-27$0.3–0.0%Cashquarterly2003-02-192003-03-032003-03-31
2002-11-27$0.3–+20.0%Cashquarterly2002-10-162002-12-022002-12-31
2002-08-29$0.25–0.0%Cashquarterly2002-07-172002-09-032002-09-30
2002-05-30$0.25–0.0%Cashquarterly2002-04-172002-06-032002-06-28
2002-02-26$0.25–0.0%Cashquarterly2002-02-192002-02-282002-03-29
2001-11-29$0.25–0.0%Cashquarterly2001-10-172001-12-032001-12-31
2001-08-30$0.25–0.0%Cashquarterly2001-07-182001-09-042001-09-28
2001-05-30$0.25–0.0%Cashquarterly2001-04-182001-06-012001-06-29
2001-02-23$0.25–0.0%Cashquarterly2001-02-212001-02-272001-03-30
2000-11-29$0.25–+100.0%Cashquarterly2000-10-182000-12-012000-12-29
2000-08-30$0.125$1.250.0%Cashquarterly2000-07-192000-09-012000-09-29
2000-05-30$0.125$1.250.0%Cashquarterly2000-04-192000-06-012000-06-30
2000-02-28$0.125$1.250.0%Cashquarterly2000-02-162000-03-012000-03-31
1999-11-29$0.125$1.250.0%Cashquarterly1999-10-191999-12-011999-12-30
1999-08-30$0.125$1.25+25.0%Cashquarterly1999-07-211999-09-011999-09-30
1999-05-27$0.1$10.0%Cashquarterly1999-04-211999-06-011999-06-30
1999-02-25$0.1$10.0%Cashquarterly1999-02-171999-03-011999-03-31
1998-11-27$0.1$10.0%Cashquarterly1998-10-201998-12-011998-12-31
1998-08-28$0.1$10.0%Cashquarterly1998-07-221998-09-011998-09-30
1998-05-28$0.1$1+25.0%Cashquarterly1998-05-201998-06-011998-06-30
1998-02-26$0.08$0.80.0%Cashquarterly1998-02-181998-03-021998-03-31
1997-11-26$0.08$0.80.0%Cashquarterly1997-10-211997-12-011997-12-31
1997-08-28$0.08$0.80.0%Cashquarterly1997-07-161997-09-021997-09-30
1997-05-29$0.08$0.80.0%Cashquarterly1997-04-161997-06-021997-06-30
1997-02-27$0.08$0.8+14.3%Cashquarterly1997-02-191997-03-031997-03-31
1996-11-27$0.07$0.70.0%Cashquarterly1996-10-231996-12-021996-12-31
1996-08-29$0.07$0.70.0%Cashquarterly1996-07-171996-09-031996-09-30
1996-05-30$0.07$0.70.0%Cashquarterly1996-04-171996-06-031996-06-28
1996-02-29$0.07$0.70.0%Cashquarterly1996-02-221996-03-041996-03-29
1995-11-29$0.07$0.7+16.7%Cashquarterly1995-10-181995-12-011995-12-29
1995-08-30$0.06$0.60.0%Cashquarterly1995-07-191995-09-011995-09-29
1995-05-25$0.06$0.60.0%Cashquarterly1995-04-191995-06-011995-06-30
1995-02-28$0.06$0.60.0%Cashquarterly1995-02-211995-03-061995-03-31
1994-11-25$0.06$0.60.0%Cashquarterly1994-10-191994-12-011994-12-28
1994-08-26$0.06$0.6+20.0%Cashquarterly1994-07-191994-09-011994-09-29
1994-05-25$0.05$0.50.0%Cashquarterly1994-04-191994-06-011994-06-29
1994-02-23$0.05$0.50.0%Cashquarterly1994-02-161994-03-011994-03-30
1993-11-24$0.05$0.50.0%Cashquarterly1993-10-201993-12-011993-12-28
1993-08-26$0.05$0.50.0%Cashquarterly1993-07-211993-09-011993-09-28
1993-05-25$0.05$0.5+25.0%Cashquarterly1993-04-211993-06-011993-06-29
1993-02-23$0.04$0.40.0%Cashquarterly1993-02-181993-03-021993-03-30
1992-11-24$0.04$0.40.0%Cashquarterly1992-10-211992-12-011992-12-22
1992-08-26$0.04$0.40.0%Cashquarterly1992-07-221992-09-011992-09-22
1992-05-27$0.04$0.40.0%Cashquarterly1992-04-221992-06-021992-06-23
1992-02-26$0.04$0.4+14.3%Cashquarterly1992-02-181992-03-031992-03-24
1991-11-26$0.035$0.350.0%Cashquarterly1991-10-161991-12-031991-12-24
1991-08-27$0.035$0.350.0%Cashquarterly1991-07-171991-09-031991-09-24
1991-05-29$0.035$0.350.0%Cashquarterly1991-04-171991-06-041991-06-25
1991-02-27$0.035$0.350.0%Cashquarterly1991-02-251991-03-051991-03-26
1990-11-20$0.035$0.35+16.7%Cashquarterly1990-10-171990-11-271990-12-18
1990-08-28$0.03$0.30.0%Cashquarterly1990-07-181990-09-041990-09-25
1990-05-30$0.03$0.30.0%Cashquarterly1990-04-191990-06-051990-06-26
1990-03-01$0.03$0.30.0%Cashquarterly1990-02-281990-03-061990-03-27
1989-11-21$0.03$0.30.0%Cashquarterly1989-10-181989-11-281989-12-19
1989-08-29$0.03$0.3+20.0%Cashquarterly1989-07-181989-09-051989-09-26
1989-05-31$0.025$0.250.0%Cashquarterly1989-04-191989-06-061989-06-27
1989-03-01$0.025$0.250.0%Cashquarterly1989-02-221989-03-071989-03-28
1988-11-21$0.025$0.250.0%Cashquarterly1988-10-191988-11-281988-12-20
1988-08-23$0.025$0.250.0%Cashquarterly1988-07-201988-08-291988-09-19
1988-05-31$0.025$0.25+25.0%Cashquarterly1988-04-211988-06-061988-06-27
1988-02-24$0.02$0.20.0%Cashquarterly1988-02-161988-03-011988-03-22
1987-11-23$0.02$0.20.0%Cashquarterly1987-10-211987-11-301987-12-21
1987-08-25$0.02$0.40.0%Cashquarterly1987-07-011987-08-311987-09-21
1987-05-26$0.02$0.40.0%Cashquarterly1987-04-161987-06-011987-06-22
1987-02-24$0.02$0.4+14.3%Cashquarterly1987-02-181987-03-021987-03-23
1986-11-24$0.0175$0.350.0%Cashquarterly1986-10-221986-12-011986-12-22
1986-08-26$0.0175$0.350.0%Cashquarterly1986-07-151986-09-021986-09-22
1986-05-27$0.0175$0.350.0%Cashquarterly1986-04-171986-06-021986-06-23
1986-02-25$0.0175$0.350.0%Cashquarterly1986-02-181986-03-031986-03-24
1985-11-25$0.0175$0.35+16.7%Cashquarterly1985-10-151985-12-021985-12-23
1985-08-27$0.015$0.30.0%Cashquarterly1985-07-161985-09-031985-09-23
1985-05-28$0.015$0.30.0%Cashquarterly1985-04-181985-06-031985-06-24
1985-02-26$0.015$0.3–Cashquarterly1985-02-191985-03-041985-03-25

Splits (2)

DateRatioCumulative
1987-09-252:1×20 to today
2000-10-0610:1×10 to today