MA vs MTB: Which Is the Better Dividend Stock?
As of July 2026, MTB (M&T Bank Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MTB offers the higher yield at 2.38%, MTB has the higher dividend-safety score, and MTB trades at the larger discount to fair value (+136%).
| Metric | MA | MTB |
|---|---|---|
| Forward yield | 0.62% | 2.38% |
| Annual dividend | $3.48 | $6.00 |
| Payout ratio | 18% | 32% |
| Years of growth | 14 yr | 9 yr |
| 5-yr dividend growth | 13.7% | 5.3% |
| 5-yr total return | 56% | 78% |
| Dividend safety score | 89 (A) | 97 (A) |
| Fair value estimate | $558.11 | $589.99 |
| Upside to fair value | +3% | +136% |
| Frequency | quarterly | quarterly |
| Market cap | $497.7B | $36.3B |
| P/E ratio | 32.6 | 13.2 |
Higher yield
MTB
2.38%
Safer dividend
MTB
Grade A
Faster growth
MA
13.7%
Better value
MTB
+136% upside
MA vs MTB — FAQ
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