TrustCo Announces First Dividend of 2025; Continues Annualized Payout of $1.44 per share

Company Overview - TrustCo Bank Corp NY is a savings and loan holding company with a total asset value of $6.2 billion [3] - The company operates 136 offices across New York, New Jersey, Vermont, Massachusetts, and Florida [3] - TrustCo has a long-standing tradition of providing high-quality services, including a variety of deposit and loan products, as well as investment services, retirement planning, and trust and estate administration [3] - TrustCo Bank is recognized as one of the best performing savings banks in the United States [3] Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.36 per share, which annualizes to $1.44 per share [1] - The dividend is scheduled to be payable on April 1, 2024, to shareholders of record as of the close of business on March 7, 2025 [1] Management Commentary - The Chairman, President, and CEO, Robert J. McCormick, expressed optimism for 2025, highlighting the company's consistent dividend payouts since 1904 [2] - The management emphasized that the reliable dividend and steady corporate performance contribute to investor satisfaction and financial goal achievement [2]