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Stock impact report

TrustCo Bank Declares Dividend

TrustCo Bank Corp NY (TRST) 
Last trustco bank corp ny earnings: 4/21 04:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
GLENVILLE, N.Y., Feb. 19, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today declared a quarterly cash dividend of $0.068125 per share, or $0.2725 per share on an annualized basis.  This dividend sustains the increased rate of return to our shareholders that the Company announced in August of 2018.  The dividend will be payable on April 1, 2019 to shareholders of record at the close of business on March 1, 2019.  TrustCo has paid a cash dividend every year since 1904. Chairman, President and Chief Executive Officer Robert J. McCormick said: “We are very pleased that our company’s performance has enabled us to again provide our shareholders with a strong cash dividend.  TrustCo’s board and management team remain confident in the strength of the Company’s balance sheet.”  Mr. McCormick also observed that “The payment will result in a cash dividend yield of 3.32%, based on the prior day’s closing price of $8.22.  We understand how imp Show less Read more
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