TrustCo Bank Corp. NY : TRST-US: Dividend Analysis : December 02nd, 2016 (record date) : By the numbers : January 26, 2017

Our analysis is based on comparing TrustCo Bank Corp. NY with the following peers – Northeast Community Bancorp, Inc., Lake Shore Bancorp, Inc., Astoria Financial Corporation, Elmira Savings Bank, Carver Bancorp Inc., Greene County Bancorp, Inc., Inversiones Agricolas e Industriales SA SIEMEL, People’s United Financial, Inc., Northfield Bancorp, Inc. and New York Community Bancorp, Inc. (NECB-US, LSBK-US, AF-US, ESBK-US, CARV-US, GCBC-US, SIEMEL-CL, PBCT-US, NFBK-US and NYCB-US).

TrustCo Bank Corp. NY’s dividend yield is 3.07 percent and its dividend payout is 58.99 percent. This compares to a peer median dividend yield of 2.42 percent and a payout level of 58.34 percent. This type of dividend performance might make it a good stock for dividend investors. However, the company’s relatively low dividend quality score of NA out of a possible score of 100 raises questions on the sustainability of its robust payout ratio.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

TRST-US did not pay a cash dividend to the common stock over the last twelve months prior to December 31, 2016 or insufficient data about the dividends.

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

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 4.96 3.65 3.61 4.27 N/A 3.07
Dividend Payout (%) 0 0 0 0 N/A N/A

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

Company Profile

TrustCo Bank Corp. NY operates as a holding company for TrustCo Bank, which engages in the provision of banking and financial services to individuals, partnerships, and corporations. The company offers checking accounts, savings accounts, retirement accounts, time deposits, money market accounts, and credit cards. It also provides asset and wealth management services; estate planning and related advice; credit cards; trust and investment services; custodial services, and online banking services. The company was founded in 1981 and is headquartered in Glenville, NY.

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