Tompkins Financial Co. (NYSEAMERICAN:TMP) to Issue Quarterly Dividend of $0.62

Tompkins Financial Co. (NYSEAMERICAN:TMP) announced a quarterly dividend on Friday, April 25th, RTT News reports. Stockholders of record on Friday, May 9th will be given a dividend of 0.62 per share by the financial services provider on Friday, May 16th. This represents a $2.48 annualized dividend and a dividend yield of 4.19%.

Tompkins Financial has increased its dividend payment by an average of 3.7% 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 39.4% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.7 %

NYSEAMERICAN:TMP opened at $59.22 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.11. Tompkins Financial has a one year low of $43.32 and a one year high of $79.01. The firm has a market cap of $852.18 million, a P/E ratio of 11.96 and a beta of 0.73.

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.