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NEW YORK ( TheStreet) -- The ex-dividend date for TRUSTCO BANK CORP N Y (Nasdaq: TRST) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $4.54 as of 9:30 a.m. ET, the dividend yield is 6.1%. The average volume for TRUSTCO BANK CORP N Y has been 549,500 shares per day over the past 30 days. TRUSTCO BANK CORP N Y has a market cap of $400.6 million and is part of the financial sector and banking industry. Shares are down 27.3% 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 10.8, below the average banking industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.