TrustCo Bank Corp NY (NASDAQ:TRST) Announces Quarterly Dividend of $0.36

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.36 per share by the bank on Tuesday, April 1st. This represents a $1.44 annualized dividend and a yield of 4.40%. The ex-dividend date is Friday, March 7th.

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

TrustCo Bank Corp NY Stock Performance

NASDAQ:TRST traded down $0.42 on Friday, reaching $32.75. The company's stock had a trading volume of 144,588 shares, compared to its average volume of 83,823. The firm has a market cap of $622.58 million, a PE ratio of 12.74 and a beta of 0.84. The business's 50-day moving average price is $32.89 and its two-hundred day moving average price is $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 - Get Free Report) 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%.

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.