TrustCo Bank Corp NY (NASDAQ:TRST) Declares $0.36 Quarterly Dividend

TrustCo Bank Corp NY (NASDAQ:TRST) declared a quarterly dividend on Wednesday, November 20th,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 3.97%. The ex-dividend date is Friday, December 6th.

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

TrustCo Bank Corp NY Stock Down 0.2 %

TRST stock opened at $36.29 on Thursday. The stock has a market capitalization of $689.87 million, a PE ratio of 14.52 and a beta of 0.81. TrustCo Bank Corp NY has a 52 week low of $25.83 and a 52 week high of $37.84. The firm has a 50 day moving average of $33.82 and a 200 day moving average of $31.66.

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

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.