Tompkins Financial Co. (TMP) To Go Ex-Dividend on February 14th

Tompkins Financial Co. (NYSEAMERICAN:TMP) announced a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.62 per share by the financial services provider on Friday, February 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, February 14th.

Tompkins Financial has increased its dividend payment by an average of 3.7% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Tompkins Financial has a dividend payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tompkins Financial to earn $6.10 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 40.7%.

Tompkins Financial Stock Up 1.6 %

Shares of TMP stock opened at $72.29 on Wednesday. Tompkins Financial has a 52 week low of $43.09 and a 52 week high of $79.01. The stock has a market cap of $1.04 billion, a P/E ratio of 14.69 and a beta of 0.73. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.11.

Analysts Set New Price Targets

Separately, Piper Sandler initiated coverage on Tompkins Financial in a research report on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price on the stock.

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.