Trustco Bank N Y (Trustco Bank N Y) Dividend Payout Ratio : 0.69 (As of Dec. 2023)

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What is Trustco Bank N Y Dividend Payout Ratio?

Trustco Bank N Y's dividend payout ratio for the months ended in Dec. 2023 was 0.69.

The historical rank and industry rank for Trustco Bank N Y's Dividend Payout Ratio or its related term are showing as below:

TRST' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.36 Med: 0.48 Max: 0.59
Current: 0.52

During the past 13 years, the highest Dividend Payout Ratio of Trustco Bank N Y was 0.59. The lowest was 0.36. And the median was 0.48.

TRST's Dividend Payout Ratio is ranked worse than
75.21% of 1089 companies
in the Banks industry
Industry Median: 0.34 vs TRST: 0.52

As of today (2024-04-28), the Dividend Yield % of Trustco Bank N Y is 5.32%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Trustco Bank N Y was 5.85%. The lowest was 2.79%. And the median was 3.92%.

Trustco Bank N Y's Dividends per Share for the months ended in Dec. 2023 was $0.36.

During the past 12 months, Trustco Bank N Y's average Dividends Per Share Growth Rate was 2.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Trustco Bank N Y was 26.60% per year. The lowest was -26.30% per year. And the median was 2.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Trustco Bank N Y Dividend Payout Ratio Historical Data

The historical data trend for Trustco Bank N Y's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Trustco Bank N Y Dividend Payout Ratio Chart

Trustco Bank N Y Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.46

0.50

0.43

0.36

0.47

Trustco Bank N Y Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.39	0.42	0.47	0.69	0.56

Competitive Comparison of Trustco Bank N Y's Dividend Payout Ratio

For the Banks - Regional subindustry, Trustco Bank N Y's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Trustco Bank N Y's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Trustco Bank N Y's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Trustco Bank N Y's Dividend Payout Ratio falls into.

Trustco Bank N Y Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Trustco Bank N Y's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.44	/	3.08
	=	0.47

Trustco Bank N Y's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.36	/	0.52
	=	0.69

Trustco Bank N Y (NAS:TRST) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Trustco Bank N Y Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Trustco Bank N Y's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Trustco Bank N Y (Trustco Bank N Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Trustco Bank Corp N Y (NAS:TRST) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

TC50:Germany

Address

5 Sarnowski Drive, Glenville, NY, USA, 12302

Website

https://www.trustcobank.com

Trustco Bank Corp N Y is a savings and loan holding company. The core part of a business consists of accepting deposits and making loans and investments. It offers a range of both personal and business banking services. The company's product includes savings accounts; retirement accounts; money market account; mortgages; building loans; auto loans and others.

Executives

Frank B Silverman	director	C/O TRUSTCO BANK, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Robert J Mccormick	director, officer: PRES. & CEO TRUSTCO BANK CORP	C/O TRUSTCO BANK COMPANY, 5 SARNOUSKI DR, GLENVILLE NY 12302
Michael James Hall	officer: SECRETARY	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Kevin M Curley	officer: SENIOR VICE PRESIDENT	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Eric W Schreck	officer: TREASURER	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Robert M Leonard	officer: AVP & Assistant Secretary	5 SARNOWSKI DR, GELNVILLE NY 12302
Steffani Cotugno	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Michael M Ozimek	officer: SVP & CFO	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Curtis N Powell	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12303
Scot R Salvador	officer: Chief Banking Officer & EVP
Lisa M Reutter	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
De Gennaro Dennis A	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE NY 12302
Kimberly Adams Russell	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Alejandro M Sanchez	director	C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
William D Powers	director	C/O TRUSTCO BANK CORP, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302