Trustco Bank's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Trustco Bank (NASDAQ:TRST) announced a quarterly dividend of 36 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on January 02, 2024. The stock is expected to open 36 cents lower on the ex-dividend date.
November 27, 2023 | 2:45 pm
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Trustco Bank will pay a quarterly dividend of 36 cents per share, with the ex-dividend date being this Thursday. The stock is expected to trade lower by the dividend amount on the ex-dividend date.
The stock price of TRST is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the dividend payout is factored into the stock price. This is a common occurrence and is typically priced in by the market.
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