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

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.36 per share by the bank on Tuesday, April 1st. This represents a $1.44 annualized dividend and a yield of 4.32%.

TrustCo Bank Corp NY has raised its dividend payment by an average of 1.6% per year over the last three years.

TrustCo Bank Corp NY Stock Performance

TRST stock traded down $0.26 during mid-day trading on Wednesday, hitting $33.32. The company had a trading volume of 56,401 shares, compared to its average volume of 81,729. The stock’s fifty day moving average price is $33.11 and its two-hundred day moving average price is $33.76. TrustCo Bank Corp NY has a 12 month low of $25.83 and a 12 month high of $38.89. The firm has a market cap of $633.41 million, a PE ratio of 12.96 and a beta of 0.84.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.59 EPS for the quarter. TrustCo Bank Corp NY had a net margin of 18.56% and a return on equity of 7.37%.

TrustCo Bank Corp NY Company Profile

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.