Dividend Challengers 2025: Top 25

11. M&T Bank Corporation (NYSE:MTB)

Dividend Yield as of April 29: 3.18%

M&T Bank Corporation (NYSE:MTB) is a New York-based bank holding company that offers services in commercial banking, consumer banking, institutional banking, and wealth management. The company has consistently delivered strong business results, even in tough economic times, thanks to its outstanding risk management and high-quality asset base. Throughout the Great Recession that followed the 2008 financial crisis, the bank remained profitable every single quarter, extending a profitability streak that began in the 1970s. Remarkably, M&T stood out as the only bank among many in the broader market that maintained its dividend without any cuts during the crisis, a time that was particularly challenging for the banking industry.

In the first quarter of 2025, M&T Bank Corporation (NYSE:MTB) reported revenue of $2.3 billion, which saw a 2.04% growth from the same period last year. However, the revenue missed analysts’ estimates by $40.7 million. The company’s net operating income came in at $594 million, up 9% on a YoY basis. Its net income available to common shareholders was $547 million, compared with $505 million in the prior-year period.

M&T Bank Corporation (NYSE:MTB) is a solid dividend payer. For the quarter ending March 31, 2025, the company declared cash dividends of $223 million on its common stock and $36 million on its preferred stock. In addition, it has been raising its payouts for eight consecutive years. Currently, it offers a quarterly dividend of $1.35 per share and has a dividend yield of 3.18%, as of April 29.