Why Trustmark (TRMK) is a Great Dividend Stock Right Now

Company Overview - Trustmark (TRMK) is headquartered in Jackson and operates in the Finance sector, experiencing a price change of -12.64% since the beginning of the year [3] - The company currently pays a dividend of $0.24 per share, resulting in a dividend yield of 3.11%, which is higher than the Banks - Southeast industry's yield of 2.52% and the S&P 500's yield of 1.76% [3] Dividend Information - Trustmark's annualized dividend of$ 0.96 has increased by 4.3% from the previous year, with a historical average annual increase of 0.24% over the last 5 years [4] - The company's current payout ratio is 30%, indicating that it pays out 30% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, Trustmark anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $3.37 per share, reflecting an expected increase of 10.86% from the previous year [5] Investment Considerations - Trustmark is viewed as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]