Trustmark (TRMK) Could Be a Great Choice

Company Overview - Trustmark (TRMK) is headquartered in Jackson and operates in the Finance sector, with a year-to-date price change of -0.71% [3] - The company currently pays a dividend of $0.24 per share, resulting in a dividend yield of 2.73%, which is higher than the Southeast banking industry's yield of 2.33% and the S&P 500's yield of 1.59% [3] Dividend Performance - Trustmark's annualized dividend of $0.96 has increased by 4.3% compared to the previous year [4] - Over the past five years, Trustmark has raised its dividend once on a year-over-year basis, averaging an annual increase of 0.24% [4] - The current payout ratio stands at 29%, indicating that the company distributes 29% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - Trustmark is projected to experience earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $3.44 per share, reflecting a year-over-year growth rate of 13.16% [5] Investment Appeal - Trustmark is considered an attractive dividend investment, providing benefits such as improved stock investing profits and reduced overall portfolio risk [6] - The company is ranked 2 (Buy) by Zacks, indicating a compelling investment opportunity [7]