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

Posted by Casey Walker on Jan 31st, 2025

Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Free Report) declared a quarterly dividend on Friday, January 31st,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 3.60%.

Tompkins Financial has raised its dividend 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 41.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tompkins Financial to earn $5.29 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 46.9%.

Tompkins Financial Trading Up 2.3 %

NYSEAMERICAN:TMP traded up $1.52 during mid-day trading on Friday, hitting $68.93. The stock had a trading volume of 13,745 shares, compared to its average volume of 44,020. The company has a market cap of $991.90 million, a PE ratio of 14.89 and a beta of 0.74. Tompkins Financial has a 52 week low of $43.09 and a 52 week high of $79.01. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Tompkins Financial

About Tompkins Financial

(Get Free Report)

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.