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Tompkins Financial Co. (NYSEAMERICAN:TMP) Plans Dividend Increase - $0.62 Per Share

Tompkins Financial logo with Finance background

Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) declared a quarterly dividend on Friday, October 25th, NASDAQ reports. Investors of record on Friday, November 8th will be paid a dividend of 0.62 per share by the financial services provider on Friday, November 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from Tompkins Financial's previous quarterly dividend of $0.61.

Tompkins Financial has increased its dividend by an average of 4.6% annually over the last three years and has raised its dividend annually for the last 38 consecutive years. Tompkins Financial has a dividend payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings.

Tompkins Financial Trading Down 1.8 %

Shares of TMP stock traded down $1.12 during trading hours on Friday, hitting $60.75. The company had a trading volume of 45,397 shares, compared to its average volume of 59,492. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.14. The firm has a market cap of $874.80 million, a P/E ratio of 61.99 and a beta of 0.69. Tompkins Financial has a 12 month low of $43.09 and a 12 month high of $65.99.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.09. The company had revenue of $112.51 million during the quarter. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.16%. During the same period in the previous year, the business posted ($2.35) EPS.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Tompkins Financial from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $59.00 to $68.00 in a research report on Wednesday, October 2nd. StockNews.com raised shares of Tompkins Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 3rd.

Read Our Latest Stock Analysis on TMP

Tompkins Financial Company Profile

(Get Free Report)

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.

Further Reading

Dividend History for Tompkins Financial (NYSEAMERICAN:TMP)

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