GLENVILLE, N.Y., Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY ((TrustCo, NASDAQ:TRST) on November 21, 2023, declared a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend will be payable on January 2, 2024 to shareholders of record at the close of business on December 1, 2023.
Chairman, President, and Chief Executive Officer Robert J. McCormick said: "We are pleased that our strategic preservation of capital enables us to complete our 119th year paying quarterly dividends. Our management team is justifiably proud of this longevity and optimistic about the opportunities that 2024 undoubtedly will present. Our shareholders can be assured that the leaders of the TrustCo team are ever mindful of the importance of providing long-term shareholder value, and stand ready to transform opportunity into tangible benefit."
About TrustCo Bank Corp NY
TrustCo Bank Corp NY is a $6.1 billion savings and loan holding company. Through its subsidiary, Trustco Bank, Trustco operates 143 offices in New York, New Jersey, Vermont, Massachusetts and Florida. Trustco has a more than 100-year tradition of providing high-quality services, including a wide variety of deposit and loan products. In addition, Trustco Bank's Financial Services Department offers a full range of investment services, retirement ...