Trustco Bank Corp N Y Stock To Go Ex-dividend Tomorrow (TRST)

NEW YORK ( TheStreet) -- The ex-dividend date for Trustco Bank Corp N Y (Nasdaq: TRST) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $5.30 as of 9:34 a.m. ET, the dividend yield is 5%.

The average volume for Trustco Bank Corp N Y has been 291,500 shares per day over the past 30 days. Trustco Bank Corp N Y has a market cap of $493.7 million and is part of the financial sector and banking industry. Shares are down 6.1% year to date as of the close of trading on Friday.

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides general banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making loans and investments. The company has a P/E ratio of 13.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Trustco Bank Corp N Y as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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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