TrustCo Bank Corp NY (NASDAQ:TRST) will begin trading ex-dividend on September 3, 2020. The quarterly dividend payment of $ 0.0681 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 4.65 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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TrustCo Bank Corp NY recently reported second quarter financial results on July 21, 2020, after market close, the Glenville based company reported income for the second quarter of $ 0.12 per share, from the revenue of $ 41.11 million. The quarterly earnings lowered 20.00 percent while revenues dropped 6.80 percent compared with the same quarter last year.
According to street consensus, TRST was expected to report 2Q20 income of $ 0.11 per share from revenue of $ 40.64 million. The bottom line results beat street analysts by $ 0.01 or 9.09 percent, at the same time, top line results outshined analysts by $ 0.47 million or 1.16 percent.
Stock Performance
Shares of TrustCo Bank Corp NY traded up $ 0.02 or 0.34 percent on Friday, reaching $ 5.86 with volume of 458.00 thousand shares. TrustCo Bank Corp NY has traded high as $ 5.91 and has cracked $ 5.79 on the downward trend
According to the previous trading day, closing price of $ 5.86, representing a 35.81 % increase from the 52 week low of $ 4.30 and a 35.82 % decrease over the 52 week high of $ 9.10.
The company has a market capital of $ 565.10 million and is part of the Financial Services sector and Banks – Regional – US industry.
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, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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.
