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Your Business

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A Trustco dividend

By Bethany Bump
Tuesday, May 21, 2013

TrustCo Bank Corp NY shareholders of record can expect to receive a cash dividend as soon as July 1.

The holding company for Glenville-based Trustco Bank declared a quarterly cash dividend of $0.065625 per share, or $0.2625 per share on an annualized basis, according to a filing made Tuesday with the U.S. Securities and Exchange Commission.

The dividend will be payable July 1 to shareholders at the close of business on June 7, continuing a tradition that has been in place since 1904.

“We are very pleased to continue to provide our shareholders with a strong cash dividend," said President and CEO Robert McCormick in the filing. "We understand how important the TrustCo cash dividend is to our shareholders. Our cash dividend continues a tradition that extends back over 100 years.”

TrustCo Bank Corp NY is a $4.4 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 138 offices in New York, Florida, Massachusetts, New Jersey and Vermont.

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