UPDATE: TrustCo Announces First Dividend of 2025; Continues Annualized Payout of $1.44 per share
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TrustCo Bank Corp NY 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 recorded by March 7, 2025.
February 19, 2025 | 10:45 pm
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POSITIVE IMPACT
TrustCo Bank Corp NY declared a quarterly dividend of $0.36 per share, maintaining an 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 for TrustCo as it signals financial stability and commitment to returning value to shareholders. This could attract income-focused investors, potentially supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100