TrustCo Announces First Dividend of 2025; Continues Annualized Payout of $1.44 per share
Portfolio Pulse from
TrustCo Bank Corp NY (Nasdaq: TRST) has announced its first dividend of 2025, maintaining an annualized payout of $1.44 per share. The quarterly dividend of $0.36 per share will be payable on April 1, 2025, to shareholders of record as of March 7, 2025.
February 19, 2025 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TrustCo Bank Corp NY has declared a quarterly dividend of $0.36 per share, maintaining its annualized payout of $1.44 per share. This consistent dividend policy may attract income-focused investors.
The announcement of a consistent dividend payout is positive news for TrustCo, as it signals financial stability and commitment to returning value to shareholders. This could lead to a short-term positive impact on the stock price as income-focused investors may find the stock attractive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100