TrustCo Bank Corp NY Dividends and Buybacks
Dividend criteria checks 4/6
TrustCo Bank Corp NY is a dividend paying company with a current yield of 3.83% that is well covered by earnings. Next payment date is on 2nd January, 2025 with an ex-dividend date of 6th December, 2024.
Key information
3.8%
Dividend yield
0.05%
Buyback Yield
| Total Shareholder Yield | 3.9% |
| Future Dividend Yield | 3.8% |
| Dividend Growth | 2.3% |
| Next dividend pay date | 02 Jan 25 |
| Ex dividend date | 06 Dec 24 |
| Dividend per share | €1.440 |
| Payout ratio | 58% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TC50's dividends per share have been stable in the past 10 years.
Growing Dividend: TC50's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| TrustCo Bank Corp NY Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TC50) | 3.8% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.9% |
| Industry Average (Banks) | 6.4% |
| Analyst forecast (TC50) (up to 3 years) | 3.8% |
Notable Dividend: TC50's dividend (3.83%) is higher than the bottom 25% of dividend payers in the German market (1.73%).
High Dividend: TC50's dividend (3.83%) is low compared to the top 25% of dividend payers in the German market (4.81%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (57.8%), TC50's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.