TrustCo Bank Corp NY (NASDAQ:TRST) Plans $0.36 Quarterly Dividend

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Friday, December 6th will be given a dividend of 0.36 per share by the bank on Thursday, January 2nd. This represents a $1.44 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Friday, December 6th.

TrustCo Bank Corp NY has increased its dividend payment by an average of 1.9% annually over the last three years. TrustCo Bank Corp NY has a dividend payout ratio of 50.2% meaning its dividend is sufficiently covered by earnings.

TrustCo Bank Corp NY Trading Down 0.2 %

Shares of NASDAQ:TRST opened at $36.29 on Thursday. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $37.84. The business has a 50 day moving average of $33.82 and a two-hundred day moving average of $31.66. The company has a market capitalization of $689.87 million, a PE ratio of 14.52 and a beta of 0.81.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. During the same quarter in the prior year, the firm earned $0.77 earnings per share.

TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities.