Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) announced a quarterly dividend on Friday, April 25th, RTT News reports. Shareholders of record on Friday, May 9th will be paid a dividend of 0.62 per share by the financial services provider on Friday, May 16th. This represents a $2.48 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Friday, May 9th.
Tompkins Financial has increased its dividend payment by an average of 3.7% per year over the last three years and has raised its dividend every year for the last 38 years. Tompkins Financial has a payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tompkins Financial to earn $6.10 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 40.7%.
Tompkins Financial Stock Down 1.5 %
Shares of NYSEAMERICAN:TMP traded down $0.91 during trading on Wednesday, reaching $59.09. The stock had a trading volume of 16,035 shares, compared to its average volume of 55,243. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.92 and a current ratio of 0.96. Tompkins Financial has a one year low of $43.32 and a one year high of $79.01. The stock has a market capitalization of $850.31 million, a P/E ratio of 11.94 and a beta of 0.73.
About Tompkins Financial
(
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Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.
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