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Glenville, New York – Trustco Bank Co., Ltd. New York (NASDAQ:) declared a quarterly cash dividend of $0.36 per share. This works out to an annualized price of $1.44 per share. This dividend will be paid on April 1, 2024 to shareholders of record by the close of business on March 1, 2024.
This announcement represents a continuation of the company's long-standing practice of returning value to shareholders. Robert J. McCormick (NYSE:), Chairman, President and Chief Executive Officer of Trustco, expressed pride in the company's ability to maintain its dividend, noting that this year marks the 119th year in which the company has paid a quarterly dividend. Ta. Mr. McCormick emphasized that the company is prepared to strategically conserve capital and take advantage of opportunities in the coming year to benefit shareholders.
TrustCo Bank Corp NY operates as a savings and loan holding company with approximately $6.2 billion in assets. Through its subsidiary Trustco Bank, the company manages 140 offices across New York, New Jersey, Vermont, Massachusetts and Florida.
Trustco Bank offers a wide range of financial services including savings accounts, loans, investment services, retirement planning, and trust and wealth management. This bank has a history of over 100 years and is recognized for its achievements.
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