Trustmark Corporation (NASDAQ:TRMK) Declares Quarterly Dividend of $0.25

Key Points

• Trustmark declared a quarterly dividend of $0.25 per share, payable December 15 to shareholders of record December 1. The annualized dividend is $1.00 per share, yielding approximately 2.2%.
• The dividend appears well covered, with a current payout ratio of 27.8%; analysts expect next year’s earnings to support an estimated payout ratio of 23.1%.
• Trustmark’s latest quarterly earnings matched expectations at $1.00 per share, while revenue rose 2.3% year over year to $212.26 million, slightly below estimates.

Trustmark Corporation (NASDAQ:TRMK - Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.25 per share by the financial services provider on Tuesday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, December 1st.

Trustmark has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Trustmark to earn $4.33 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 23.1%.

Trustmark Trading Down 1.5%

NASDAQ TRMK opened at $45.44 on Wednesday. The company has a market cap of $2.64 billion, a P/E ratio of 11.56 and a beta of 0.66. Trustmark has a 1 year low of $36.41 and a 1 year high of $49.00. The company has a fifty day simple moving average of $45.86 and a 200 day simple moving average of $44.66.

Trustmark (NASDAQ:TRMK - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. The business had revenue of $212.26 million during the quarter, compared to the consensus estimate of $215.04 million. During the same period in the prior year, the company posted $0.94 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Trustmark will post 3.97 EPS for the current fiscal year.

Trustmark Company Profile

Trustmark Corporation NASDAQ: TRMK is a financial services company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides banking, wealth management and insurance services to individuals, businesses and institutional clients.

Trustmark's banking activities include deposit accounts, consumer and commercial lending, mortgages, treasury management and other financial services. Its wealth management business offers trust, investment management, financial planning and related services, while its insurance operations provide personal and commercial insurance products.

Founded in 1889, Trustmark serves customers through banking and financial services operations in Mississippi, Alabama, Florida, Tennessee and Texas.

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