TrustCo Bank Corp NY (NASDAQ:TRST) Plans Quarterly Dividend of $0.38

TrustCo Bank Corp NY (NASDAQ:TRST) declared a quarterly dividend on Tuesday, May 19th. Investors of record on Friday, June 5th will be paid a dividend of 0.38 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 5th.

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

TrustCo Bank Corp NY Stock Performance

Shares of NASDAQ TRST opened at $50.28 on Thursday. TrustCo Bank Corp NY has a fifty-two week low of $30.17 and a fifty-two week high of $50.36. The stock has a market cap of $878.89 million, a price-to-earnings ratio of 14.74 and a beta of 0.60. The firm’s 50-day simple moving average is $45.83 and its 200 day simple moving average is $43.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Tuesday, April 21st. The bank reported $0.91 earnings per share for the quarter. TrustCo Bank Corp NY had a net margin of 22.42% and a return on equity of 9.21%. The business had revenue of $49.55 million for the quarter.

About TrustCo Bank Corp NY

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.