Why Tompkins Financial (TMP) is a Top Dividend Stock for Your Portfolio

Company Overview - Tompkins Financial (TMP) is headquartered in Ithaca and operates in the Finance sector [3] - The stock has experienced a price change of 3.3% since the beginning of the year [3] Dividend Information - Tompkins Financial currently pays a dividend of $0.62 per share, resulting in a dividend yield of 3.54% [3] - The average dividend yield for the Banks - Northeast industry is 2.56%, while the S&P 500's yield is 1.5% [3] - The company's annualized dividend of $2.48 has increased by 1.6% from the previous year [4] - Over the past five years, Tompkins Financial has raised its dividend four times, averaging an annual increase of 4.01% [4] - The current payout ratio is 50%, indicating that the company pays out 50% of its trailing 12-month EPS as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for 2025 earnings is $5.29 per share, with an expected increase of 6.44% from the previous year [5] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [6] - High-growth firms or tech start-ups typically do not offer dividends, while larger, established companies are often seen as better dividend options [7] - Tompkins Financial is considered a compelling investment opportunity due to its strong dividend profile and a Zacks Rank of 3 (Hold) [7]