HomeCompareMTB vs PAYX

MTB vs PAYX: Dividend Comparison 2026

MTB yields 2.91% · PAYX yields 4.64%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 PAYX wins by $3.50M in total portfolio value
10 years
MTB
MTB
● Live price
2.91%
Share price
$201.13
Annual div
$5.85
5Y div CAGR
29.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$48.5K
Annual income
$7,904.03
Full MTB calculator →
PAYX
PAYX
● Live price
4.64%
Share price
$93.12
Annual div
$4.32
5Y div CAGR
62.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$3.55M
Annual income
$2,654,302.74
Full PAYX calculator →

Portfolio growth — MTB vs PAYX

📍 PAYX pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodMTBPAYX
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
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Dividend Calendar Overlap

Combined, MTB + PAYX cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
MTB pays
PAYX pays
Both pay
Neither
💰

Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

MTB
Annual income on $10K today (after 15% tax)
$247.23/yr
After 10yr DRIP, annual income (after tax)
$6,718.43/yr
PAYX
Annual income on $10K today (after 15% tax)
$394.33/yr
After 10yr DRIP, annual income (after tax)
$2,256,157.33/yr
At 15% tax rate, PAYX beats the other by $2,249,438.90/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of MTB + PAYX for your $10,000?

MTB: 50%PAYX: 50%
100% PAYX50/50100% MTB
Portfolio after 10yr
$1.80M
Annual income
$1,331,103.38/yr
Blended yield
73.92%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on MTB right now

MTB
Analyst Ratings
15
Buy
29
Hold
4
Sell
Consensus: Hold
Price Target
$228.63
+13.7% upside vs current
Range: $208.00 — $255.00
Altman Z
-0.3
Piotroski
8/9
PAYX
Analyst Ratings
4
Buy
20
Hold
6
Sell
Consensus: Hold
Price Target
$117.00
+25.6% upside vs current
Range: $98.00 — $135.00
Altman Z
2.6
Piotroski
6/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

MTB buys
0
PAYX buys
0
No recent congressional trades found for MTB or PAYX in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricMTBPAYX
Forward yield2.91%4.64%
Annual dividend / share$5.85$4.32
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR29.4%62.1%
Portfolio after 10y$48.5K$3.55M
Annual income after 10y$7,904.03$2,654,302.74
Total dividends collected$24.8K$3.45M
Payment frequencyquarterlyquarterly
SectorFinancialsTechnology
Analyst consensusHoldHold
Analyst price target$228.63$117.00

Year-by-year: MTB vs PAYX ($10,000, DRIP)

YearMTB PortfolioMTB Income/yrPAYX PortfolioPAYX Income/yrGap
1← crossover$11,076$376.37$11,452$752.01$376.00PAYX
2$12,356$504.15$13,558$1,304.68$1.2KPAYX
3$13,901$680.12$16,847$2,340.07$2.9KPAYX
4$15,799$925.35$22,432$4,405.11$6.6KPAYX
5$18,177$1,271.90$32,888$8,885.61$14.7KPAYX
6$21,219$1,769.67$54,926$19,735.78$33.7KPAYX
7$25,203$2,498.31$108,704$49,933.81$83.5KPAYX
8$30,556$3,588.54$266,029$149,714.93$235.5KPAYX
9$37,956$5,261.49$839,718$555,067.61$801.8KPAYX
10$48,517$7,904.03$3,552,801$2,654,302.74$3.50MPAYX

MTB vs PAYX: Complete Analysis 2026

MTBFinancials

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

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PAYXTechnology

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Full PAYX Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.