Tompkins Financial Co. (TMP) to Issue Quarterly Dividend of $0.62 on November 15th

Tompkins Financial Co. (NYSEAMERICAN:TMP) announced a quarterly dividend on Friday, October 25th, NASDAQ reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.62 per share by the financial services provider on Friday, November 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Friday, November 8th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61.

Tompkins Financial has raised its dividend payment by an average of 4.6% annually over the last three years and has increased its dividend every year for the last 38 years. Tompkins Financial has a payout ratio of 48.2% indicating that its dividend is sufficiently covered by earnings.

Tompkins Financial Stock Up 2.4 %

Shares of TMP stock opened at $66.38 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.94 and a current ratio of 0.92. Tompkins Financial has a fifty-two week low of $43.09 and a fifty-two week high of $68.45. The firm has a market capitalization of $955.87 million, a price-to-earnings ratio of 14.00 and a beta of 0.67.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.09. The firm had revenue of $112.51 million for the quarter. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. During the same period in the previous year, the firm posted ($2.35) EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TMP shares. Keefe, Bruyette & Woods upgraded Tompkins Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $59.00 to $68.00 in a research report on Wednesday, October 2nd. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

About Tompkins Financial

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.