Tompkins Financial Corporation (NYSEAMERICAN:TMP) to Issue Dividend Increase - $0.65 Per Share

Key Points

• Tompkins Financial Corporation announced a quarterly dividend increase to $0.65 per share, marking a 4.8% rise from the previous dividend of $0.62.
• The dividend will be paid on November 14th to shareholders of record on November 7th, with an ex-dividend date also set for November 7th.
• The company's earnings are projected to support this dividend, with analysts expecting earnings of $6.10 per share next year and a future payout ratio of 40.7%.

Tompkins Financial Corporation (NYSEAMERICAN:TMP - Get Free Report) declared a quarterly dividend on Friday, October 24th. Shareholders of record on Friday, November 7th will be given a dividend of 0.65 per share by the financial services provider on Friday, November 14th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, November 7th. This is a 4.8% increase from Tompkins Financial's previous quarterly dividend of $0.62.

Tompkins Financial has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.7%

NYSEAMERICAN:TMP traded up $1.11 during trading hours on Friday, hitting $65.74. 30,117 shares of the stock were exchanged, compared to its average volume of 49,035. The company's 50 day moving average is $67.52 and its two-hundred day moving average is $64.14. Tompkins Financial has a twelve month low of $54.16 and a twelve month high of $79.01. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $948.63 million, a P/E ratio of 11.87 and a beta of 0.88.

About Tompkins Financial

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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