Trustmark Corporation (TRMK) to Distribute Quarterly Dividend of $0.25 on September 15th

Trustmark Corporation (NASDAQ:TRMK – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

Trustmark has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Trustmark has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Trustmark to earn $4.12 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 24.3%.

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Trustmark Trading Up 0.1%

Shares of NASDAQ TRMK opened at $46.27 on Friday. The business has a 50 day simple moving average of $46.79 and a 200 day simple moving average of $44.79. Trustmark has a 52 week low of $36.33 and a 52 week high of $49.00. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 11.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.89.

Trustmark (NASDAQ:TRMK – Get Free Report) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $213.38 million during the quarter, compared to analysts’ expectations of $210.30 million. Trustmark had a net margin of 20.75% and a return on equity of 10.69%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. On average, research analysts predict that Trustmark will post 3.93 earnings per share for the current fiscal year.

Trustmark Company Profile

(Get Free Report)

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.

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