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

TrustCo Bank Corp NY (NASDAQ:TRST) declared a quarterly dividend on Wednesday, February 19th,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 dividend on an annualized basis and a dividend yield of 4.32%.

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

TrustCo Bank Corp NY Price Performance

Shares of NASDAQ TRST traded down $0.26 during mid-day trading on Wednesday, reaching $33.32. 56,401 shares of the company’s stock traded hands, compared to its average volume of 81,729. The stock has a market cap of $633.41 million, a P/E ratio of 12.96 and a beta of 0.84. The business has a 50-day simple moving average of $33.11 and a 200 day simple moving average of $33.76. TrustCo Bank Corp NY has a 1-year low of $25.83 and a 1-year high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.59 earnings per share (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.