dividend
confidence high
sentiment neutral
materiality 0.25
TrustCo declares $0.36/share quarterly dividend; payable Oct 2, record Sep 1
TRUSTCO BANK CORP N Y
- Quarterly cash dividend of $0.36 per share (annualized $1.44) declared by Board.
- Dividend payable October 2, 2023 to shareholders of record September 1, 2023.
- CEO cites loan growth from mortgage products and deposit stability as support for dividend.
- Dividend continues TrustCo's century-long history of consistent payments.
- No change in dividend rate from prior quarter; remains at $0.36 per share.