TrustCo Bank Corp NY (NASDAQ:TRST) will begin trading ex-dividend on December 3, 2020. The quarterly dividend payment of $ 0.0681 per share is scheduled to be paid on January 4, 2021. The dividend yield based on the latest trading day closing price was 4.37 percent. Shareholders who purchased TRST shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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TrustCo Bank Corp NY recently reported third quarter financial results on October 21, 2020, after market close, the Glenville based company revealed income for the third quarter of $ 0.15 per share, from the revenue of $ 42.51 million. The quarterly revenues shrunk 2.43 percent compared with the same quarter last year. Wall street analysts are predicting, TRST to report 3Q20 income of $ 0.12 per share from revenue of $ 42.50 million. The bottom line results beat street analysts by $ 0.03 or 25.00 percent, at the same time, top line results outshined analysts by $ 0.01 million or 0.02 percent.
Stock Performance
Shares of TrustCo Bank Corp NY traded up $ 0.17 or 2.80 percent on Tuesday, reaching $ 6.24 with volume of 299.10 thousand shares. TrustCo Bank Corp NY has traded high as $ 6.30 and has cracked $ 6.16 on the downward trend
According to the previous trading day, closing price of $ 6.24, representing a 41.16 % increase from the 52 week low of $ 4.30 and a 33.3 % decrease over the 52 week high of $ 9.10.
The company has a market capital of $ 601.74 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.
