NEW YORK ( TheStreet) -- The ex-dividend date for TRUSTCO BANK CORP N Y (Nasdaq: TRST) is tomorrow, March 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $5.96 as of 9:32 a.m. ET, the dividend yield is 4.4%.

The average volume for TRUSTCO BANK CORP N Y has been 197,900 shares per day over the past 30 days. TRUSTCO BANK CORP N Y has a market cap of $458.2 million and is part of the financial sector and banking industry. Shares are down 4.9% year to date as of the close of trading on Monday.

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides various banking products and services to individuals, partnerships, and corporations. The company accepts deposits and originates loans and investments. The company has a P/E ratio of 14.8, below the average banking industry P/E ratio of 66 and below the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates TRUSTCO BANK CORP N Y as buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full TRUSTCO BANK CORP N Y Ratings Report.

See our dividend calendar or top-yielding stocks list.
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