GLENVILLE, N.Y. - TrustCo Bank Corp NY (NASDAQ:TRST) has declared a quarterly cash dividend of $0.36 per share, which on an annualized basis amounts to $1.44 per share. This dividend is payable on April 1, 2024, to shareholders who are on record by the close of business on March 1, 2024.
This announcement marks the continuation of the company's long-standing practice of returning value to its shareholders. Robert J. McCormick (NYSE:MKC), Chairman, President, and Chief Executive Officer of TrustCo, expressed pride in the company's ability to maintain its dividend payments, noting that this year completes the 119th year of paying quarterly dividends. McCormick highlighted the company's strategic preservation of capital and its readiness to leverage 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 range of financial services including deposit accounts, loans, investment services, retirement planning, and trust and estate administration. The bank has been recognized for its performance and has a history extending over 100 years.
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