TrustCo Bank Corp NY to Issue Quarterly Dividend of $0.36 (NASDAQ:TRST)

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.36 per share by the bank on Thursday, January 2nd. This represents a $1.44 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, December 6th.

TrustCo Bank Corp NY has increased its dividend by an average of 1.9% per year over the last three years. TrustCo Bank Corp NY has a payout ratio of 50.2% meaning its dividend is sufficiently covered by earnings.

TrustCo Bank Corp NY Stock Performance

Shares of TRST stock opened at $36.50 on Wednesday. The stock has a market capitalization of $693.87 million, a price-to-earnings ratio of 14.60 and a beta of 0.83. TrustCo Bank Corp NY has a one year low of $25.83 and a one year high of $38.89. The company’s 50-day simple moving average is $34.50 and its 200-day simple moving average is $32.24.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Monday, October 21st. The bank reported $0.68 EPS for the quarter. The company had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%. During the same quarter in the previous year, the business posted $0.77 EPS.

About TrustCo Bank Corp NY

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities.