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

TrustCo Bank Corp NY (NASDAQ:TRST) declared 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 4.00%. The ex-dividend date is Friday, December 6th.

TrustCo Bank Corp NY has raised its dividend 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 Stock Down 0.9 %

TrustCo Bank Corp NY stock traded down $0.34 during trading on Wednesday, reaching $36.03. The stock had a trading volume of 31,431 shares, compared to its average volume of 79,402. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $37.84. The business has a 50 day moving average price of $33.74 and a 200 day moving average price of $31.63. The stock has a market cap of $684.93 million, a PE ratio of 14.55 and a beta of 0.81.

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

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.