Tompkins Financial Corporation (NYSEAMERICAN:TMP) Announces Dividend Increase – $0.70 Per Share

Tompkins Financial Corporation (NYSEAMERICAN:TMP) announced a quarterly dividend on Friday, July 24th. Shareholders of record on Friday, August 7th will be paid a dividend of 0.70 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. This is a 4.5% increase from Tompkins Financial’s previous quarterly dividend of $0.67.

Tompkins Financial has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Tompkins Financial to earn $8.10 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 30.6%.

Tompkins Financial Stock Up 9.1%

Shares of TMP stock opened at $101.12 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Tompkins Financial has a 12 month low of $61.21 and a 12 month high of $101.49. The stock has a market cap of $1.45 billion, a P/E ratio of 8.66 and a beta of 0.74. The company has a 50 day simple moving average of $90.45 and a two-hundred day simple moving average of $83.53.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.22. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. The business had revenue of $87.12 million for the quarter, compared to analysts’ expectations of $86.93 million. On average, research analysts expect that Tompkins Financial will post 7.55 earnings per share for the current year.

Trending Headlines about Tompkins Financial

Here are the key news stories impacting Tompkins Financial this week:

• Positive Sentiment: Tompkins Financial reported quarterly EPS of $2.04, beating analyst estimates and rising sharply from a year earlier, while revenue also came in slightly above expectations. Article: Tompkins Financial (TMP) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company said profit growth was supported by stronger lending income and loan growth, with net interest margin expanding to 3.58%, signaling healthier core banking performance. Article: Tompkins Financial Corporation (TMP) Stock: Rallies After Record Q2 Profit and Loan Growth
• Positive Sentiment: Tompkins Financial raised its quarterly dividend to $0.70 per share from $0.67, reinforcing confidence in capital strength and shareholder returns. Article: Tompkins Financial Corporation (TMP) Stock: Rallies After Record Q2 Profit and Loan Growth
• Neutral Sentiment: The new dividend implies a 2.8% annualized yield and is payable on August 14 to shareholders of record on August 7, which is mainly relevant for income-focused investors. Reference: Tompkins Financial Price Performance

About Tompkins Financial

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.