TrustCo Bank Corp NY (TRST) To Go Ex-Dividend on September 4th

TrustCo Bank Corp NY (NASDAQ:TRST) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Friday, September 4th will be given a dividend of 0.40 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, September 4th. This is a 5.3% increase from TrustCo Bank Corp NY’s previous quarterly dividend of $0.38.

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

TrustCo Bank Corp NY Stock Down 1.0%

Shares of TRST stock opened at $56.15 on Wednesday. The business has a fifty day simple moving average of $55.94 and a 200 day simple moving average of $50.35. The company has a market cap of $956.23 million, a P/E ratio of 15.60 and a beta of 0.63. TrustCo Bank Corp NY has a twelve month low of $34.31 and a twelve month high of $58.97.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Tuesday, July 21st. The bank reported $0.98 earnings per share (EPS) for the quarter. The firm had revenue of $51.50 million for the quarter. TrustCo Bank Corp NY had a return on equity of 9.62% and a net margin of 22.76%.

TrustCo Bank Corp NY Company Profile

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.