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Dividend Increase of 5.6%: Trustco Shareholders Benefit From Corporate Success As Company Announces Increased Payout
GLENVILLE, N.Y., Aug. 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 19, 2025 declared an
About this update from Trustco Bank Corp Ny
[{"type":"text","content":"GLENVILLE, N.Y., Aug. 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 19, 2025 declared an increased quarterly cash dividend of $0.38 per share, or $1.52 per share on an annualized basis. The declared dividend represents an increase of 5.6% over the prior dividend amount. The dividend will be payable on October 1, 2025 to shareholders of record at the close of business on September 5, 2025. Chairman, President, and Chief Executive Officer Robert J. McCormick said: “Corporate performance at the level achieved by TrustCo is the culmination of years of planning, hard work, and determination. These attributes have been the hallmarks of TrustCo as it has paid a dividend every quarter since 1904. The resulting capital position supports not only our independence from borrowing, but the increased payout announced today and the ongoing execution on our authorized million-share buyback initiative. It is our distinct privilege to build upon and enhance the century-long tradition of distributing a solid payout to our owners and building long-term shareholder value.” About TrustCo Bank Corp NY TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 136 offices in New York, New Jersey, Vermont, Massachusetts, and Florida as of June 30, 2025. In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST. Forward-Looking Statements All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as \"anticipate,\" \"intend,\" \"plan,\" \"goal,\" \"seek,\" \"believe,\" \"project,\" \"estimate,\" \"expect,\" \"strategy,\" \"future,\" \"likely,\" \"may,\" \"should,\" \"will\" and similar references to future developments, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding our capital position and c...