Dividend Increase of 5.6%: Trustco Shareholders Benefit From Corporate Success As Company Announces Increased Payout
TrustCo Bank Corp (Nasdaq: TRST) has announced a 5.6% increase in its quarterly cash dividend to $0.38 per share ($1.52 annualized), payable on October 1, 2025, to shareholders of record as of September 5, 2025.
The company highlighted its remarkable dividend history, having paid dividends consistently every quarter since 1904. CEO Robert J. McCormick emphasized TrustCo's strong capital position, which supports both the dividend increase and an ongoing share buyback program.
TrustCo Bank Corp (Nasdaq: TRST) ha annunciato un aumento del 5,6% del dividendo trimestrale in contanti, portandolo a $0,38 per azione (pari a $1,52 su base annua), pagabile il 1° ottobre 2025 agli azionisti registrati al 5 settembre 2025.
L'azienda ha sottolineato la sua eccezionale continuità nei dividendi, distribuiti ogni trimestre dal 1904. L'amministratore delegato Robert J. McCormick ha rimarcato la solida posizione patrimoniale di TrustCo, che rende possibile sia l'aumento del dividendo sia il programma in corso di riacquisto di azioni.
TrustCo Bank Corp (Nasdaq: TRST) anunció un aumento del 5,6% en su dividendo trimestral en efectivo, que queda en $0,38 por acción ($1,52 anualizado), pagadero el 1 de octubre de 2025 a los accionistas registrados al 5 de septiembre de 2025.
La compañía destacó su sobresaliente historial de dividendos, pagados de forma continua cada trimestre desde 1904. El director ejecutivo, Robert J. McCormick, subrayó la sólida posición de capital de TrustCo, que respalda tanto el incremento del dividendo como el programa de recompra de acciones en curso.
TrustCo Bank Corp (Nasdaq: TRST)는 분기 현금배당을 5.6% 인상하여 주당 $0.38 (연환산 $1.52)로 확정했으며, 2025년 10월 1일에 2025년 9월 5일 기준주주에게 지급될 예정이라고 발표했습니다.
회사는 1904년 이후 분기마다 꾸준히 배당금을 지급해온 뛰어난 배당 역사를 강조했습니다. 최고경영자 로버트 J. 맥코믹은 배당 인상과 진행 중인 자사주 매입 프로그램을 뒷받침하는 TrustCo의 견고한 자본 상태를 강조했습니다.
TrustCo Bank Corp (Nasdaq: TRST) a annoncé une augmentation de 5,6 % de son dividende trimestriel en numéraire, porté à 0,38 $ par action (1,52 $ annualisé), payable le 1er octobre 2025 aux actionnaires inscrits au 5 septembre 2025.
La société a mis en avant son historique remarquable de versement de dividendes, effectués chaque trimestre depuis 1904. Le PDG, Robert J. McCormick, a souligné la solide position en capital de TrustCo, qui permet à la fois cette hausse du dividende et le programme de rachat d’actions en cours.
TrustCo Bank Corp (Nasdaq: TRST) hat eine Erhöhung seiner vierteljährlichen Bardividende um 5,6% angekündigt und zahlt nun $0,38 pro Aktie (auf Jahresbasis $1,52). Die Auszahlung erfolgt am 1. Oktober 2025 an Aktionäre, die am 5. September 2025 eingetragen sind.
Das Unternehmen hob seine bemerkenswerte Dividendenhistorie hervor, mit durchgehenden Quartalszahlungen seit 1904. CEO Robert J. McCormick betonte die solide Kapitalausstattung von TrustCo, die sowohl die Dividendenerhöhung als auch das laufende Aktienrückkaufprogramm ermöglicht.
- Quarterly dividend increased by 5.6% to $0.38 per share
- 121-year track record of consistent quarterly dividend payments since 1904
- Strong capital position supporting both dividend payments and share buyback program
- Company maintains independence from borrowing
- None.
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
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
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 capital management strategy, including our stock repurchase program. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made and which are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in or implied by such statements, including but not limited to, risks and uncertainties relating to future changes in interest rates; external economic factors, such as changes the interest rate policies of the Federal Reserve Board and other changes in monetary policy, as well as ongoing inflationary pressures and continued elevated prices; exposure to credit risk in our lending activities; the risk of weakness in residential real estate markets; limitations on our ability to pay dividends; the impact of the manner in which we allocate capital; the risks and uncertainties set forth under the heading “Risk Factors” in our most recent Annual Report on Form 10-K for the year ended December 31, 2024, and, if any, our subsequent Quarterly Reports on Form 10-Q; the financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s filings with the Securities and Exchange Commission, including within the cautionary statements contained in such filings; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.
Subsidiary: Trustco Bank
| Contact: | Robert M. Leonard Executive Vice President and Chief Risk Officer (518) 381-3693 | |
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