TrustCo Bank Corp NY (TRST) to Issue Quarterly Dividend of $0.36 on April 1st

TrustCo Bank Corp NY (NASDAQ:TRST) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Stockholders 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 dividend yield of 4.50%. The ex-dividend date is Friday, March 7th.

TrustCo Bank Corp NY has increased its dividend by an average of 1.6% annually over the last three years.

TrustCo Bank Corp NY Stock Performance

TRST opened at $32.02 on Wednesday. TrustCo Bank Corp NY has a one year low of $25.83 and a one year high of $38.89. The stock has a market capitalization of $608.72 million, a P/E ratio of 12.66 and a beta of 0.84. The business’s 50-day simple moving average is $32.61 and its 200-day simple moving average is $33.79.

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

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.