Tompkins Financial Corp. : TMP-US: Dividend Analysis : November 07th, 2017 (record date) : By the numbers : November 13, 2017

Our analysis is based on comparing Tompkins Financial Corp. with the following peers – Signature Bank, Arrow Financial Corporation, Community Bank System, Inc., Berkshire Bancorp Inc., NBT Bancorp Inc., First of Long Island Corporation, Evans Bancorp, Inc., Chemung Financial Corporation and Bridge Bancorp, Inc. (SBNY-US, AROW-US, CBU-US, BERK-US, NBTB-US, FLIC-US, EVBN-US, CHMG-US and BDGE-US).

Tompkins Financial Corp.’s dividend yield is 2.30 percent and its dividend payout is 42.15 percent. This compares to a peer average dividend yield of 2.42 percent and a payout level of 45.04 percent. This relatively lagging dividend performance could spur some dividend action going forward – except the company’s current dividend quality score of 50 out of a possible score of 100 is only about average.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to September 30, 2017), TMP-US paid a low quality dividend, which represents a yield of 2.28% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were medium quality and 2 were low quality.
  • The ending cash balance, with a dividend coverage of 4.48x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to September 30, 2017), TMP-US paid a low quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 3.00x), investing cash flow (coverage of -18.42x), issuance cash flow (coverage of 14.58x) and twelve-month prior cash (coverage of 6.51x), for a total dividend coverage of 5.48x.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm had to dip into the beginning cash balance to pay the dividend, which suggests a low dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 3.35 2.98 2.93 3.04 1.87 2.3
Dividend Payout (%) 60.08 44.51 46.55 43.93 45.27 42.15

A complete list of metrics and analysis is available on the company page.

Company Profile

Tompkins Financial Corp. is a financial holding company, which provides financial services. It operates through the following segments: Banking, Insurance, and Wealth Management. The Insurance segment is comprised of property and casualty insurance services and employee benefit consulting operated under the Tompkins Insurance Agencies, Inc. subsidiary. The Wealth management activities include the rest of the Company’s trust, financial planning, and wealth management services conducted under the trust department of the Trust Company. The Banking segment is considered as all its other activities. The company was founded in 1995 and is headquartered in Ithaca, NY.


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