Trustco Bank: Dividend Insights
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 TRST by the end of Wednesday are eligible for the payout, which will be distributed on April 01, 2024. The stock is expected to open 36 cents lower on the ex-dividend date.
February 26, 2024 | 2:45 pm
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Trustco Bank announces a quarterly dividend of 36 cents per share, affecting stock opening price on the ex-dividend date.
The announcement of a 36 cents per share dividend by Trustco Bank directly impacts its stock as it will likely open lower on the ex-dividend date to reflect the payout. This is a common occurrence in the stock market where stocks adjust on ex-dividend dates to account for the dividend payout. The importance is rated high due to the direct financial impact on shareholders and the stock's price adjustment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100