TrustCo Bank Corp NY (TRST) to Issue Quarterly Dividend of $0.38 on July 1st

TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Friday, June 5th will be given a dividend of 0.38 per share by the bank on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 5th.

TrustCo Bank Corp NY has raised its dividend payment by an average of 0.0%per year over the last three years.

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TrustCo Bank Corp NY Stock Up 2.0%

NASDAQ:TRST opened at $50.28 on Thursday. The business’s 50-day simple moving average is $45.83 and its two-hundred day simple moving average is $43.89. The stock has a market cap of $878.89 million, a PE ratio of 14.74 and a beta of 0.60. TrustCo Bank Corp NY has a 52 week low of $30.17 and a 52 week high of $50.36.

TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The bank reported $0.91 EPS for the quarter. The business had revenue of $49.55 million for the quarter. TrustCo Bank Corp NY had a return on equity of 9.21% and a net margin of 22.42%.

TrustCo Bank Corp NY Company Profile

(Get Free Report)

TrustCo Bank Corp. NY (NASDAQ: TRST) is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.

Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.

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