Trustco Bank Corp N Y's last quarterly dividend of $0.36 per share was on Feb 29, 2024 (ex-date). The annualized dividend payment of $1.44 per share represents a current dividend yield of 5.27%.
TRST has a dividend yield of 5.27% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.36%, Trustco Bank Corp N Y's dividend yield is 57% higher. The current dividend yield is more than the historical average of 4.2% of the last 5 years.
Trustco Bank Corp N Y has a history of paying dividends since 1994. Our records of TRST show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 1.4% since one year ago. And with the stock price down by 7% from a year ago, the dividend yield has grown by 9%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 29, 2024 | Apr 1, 2024 | Feb 20, 2024 | $0.36 | normal |
| Nov 30, 2023 | Jan 2, 2024 | Nov 21, 2023 | $0.36 | normal |
| Aug 31, 2023 | Oct 2, 2023 | Aug 15, 2023 | $0.36 | normal |
| Jun 1, 2023 | Jul 3, 2023 | May 16, 2023 | $0.36 | normal |
| Mar 2, 2023 | Apr 3, 2023 | Feb 22, 2023 | $0.36 | normal |
| Dec 1, 2022 | Jan 3, 2023 | Nov 15, 2022 | $0.36 | normal |
| Sep 1, 2022 | Oct 3, 2022 | Aug 16, 2022 | $0.35 | normal |
| Jun 2, 2022 | Jul 1, 2022 | May 17, 2022 | $0.35 | normal |
| Mar 3, 2022 | Apr 1, 2022 | Feb 15, 2022 | $0.35 | normal |
| Dec 2, 2021 | Jan 3, 2022 | Nov 16, 2021 | $0.35 | normal |
| Sep 2, 2021 | Oct 1, 2021 | Aug 17, 2021 | $0.341 | normal |
| Jun 3, 2021 | Jul 1, 2021 | May 18, 2021 | $0.341 | normal |
| Mar 4, 2021 | Apr 1, 2021 | Feb 16, 2021 | $0.34 | normal |
| Dec 3, 2020 | Jan 4, 2021 | Nov 17, 2020 | $0.34 | normal |
| Sep 3, 2020 | Oct 1, 2020 | Aug 18, 2020 | $0.34 | normal |
| Jun 4, 2020 | Jul 1, 2020 | May 19, 2020 | $0.34 | normal |
| Mar 5, 2020 | Apr 1, 2020 | Feb 18, 2020 | $0.34 | normal |
| Dec 5, 2019 | Jan 2, 2020 | Nov 19, 2019 | $0.34 | normal |
| Sep 5, 2019 | Oct 1, 2019 | Aug 20, 2019 | $0.34 | normal |
| Jun 6, 2019 | Jul 1, 2019 | May 21, 2019 | $0.34 | normal |
| Feb 28, 2019 | Apr 1, 2019 | Feb 19, 2019 | $0.34 | normal |
| Dec 6, 2018 | Jan 2, 2019 | Nov 20, 2018 | $0.34 | normal |
| Sep 6, 2018 | Oct 1, 2018 | Aug 21, 2018 | $0.34 | normal |
| May 31, 2018 | Jul 2, 2018 | May 15, 2018 | $0.33 | normal |
| Mar 1, 2018 | Apr 2, 2018 | Feb 20, 2018 | $0.33 | normal |
| Nov 30, 2017 | Jan 2, 2018 | Nov 21, 2017 | $0.33 | normal |
| Aug 30, 2017 | Oct 2, 2017 | Aug 15, 2017 | $0.33 | normal |
| May 31, 2017 | Jul 3, 2017 | May 16, 2017 | $0.33 | normal |
| Mar 1, 2017 | Apr 3, 2017 | Feb 21, 2017 | $0.33 | normal |
| Nov 30, 2016 | Jan 3, 2017 | Nov 15, 2016 | $0.33 | normal |
| Aug 31, 2016 | Oct 3, 2016 | Aug 16, 2016 | $0.33 | normal |
TRST has a payout ratio of 46.8% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 39.6%, Trustco Bank Corp N Y's payout ratio is 18% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NYCB New York Community Bancorp Inc | 18.3% | $0.56 | N/A |
| NFBK Northfield Bancorp Inc | 5.79% | $0.52 | 60.5% |
| TRST Trustco Bank Corp N Y | 5.27% | $1.44 | 46.8% |
| BHLB Berkshire Hills Bancorp Inc | 3.22% | $0.72 | 44.7% |
| NECB NorthEast Community Bancorp Inc | 1.81% | $0.28 | 8.4% |
| GCBC Greene County Bancorp Inc | 1.08% | $0.31 | 19.6% |
Yes, Trustco Bank Corp N Y has been paying dividends for the last 30 years.
Currently TRST's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.
Trustco Bank Corp N Y's last dividend ex-date was on Feb 29, 2024. The dividend amount was $0.36 per share.
TRST's annualized dividend per share is $1.44.
The current dividend yield of Trustco Bank Corp N Y is 5.27%.
Trustco Bank Corp N Y pays four dividends per year.
Trustco Bank Corp N Y's dividend payout ratio is 46.8%.
Trustco Bank Corp N Y's dividend yield is more than the Financial Services sector average.