Trustco announces dividend

Shareholders have been recipients every year since 1904

The Trustco Bank Corp. has reported having a quarterly cash dividend worth 35 cents a share to distribute to shareholders.

The dividend would amount to $1.40 per share on an annualized basis and would be payable to its shareholders as of July 1.

Trustco said it has paid out a cash dividend every year since 1904.

“It is our distinct privilege to honor the century-long tradition of distributing a solid payout to our owners. We continue to cultivate new customers by providing top-level hometown service, leveraging technology, and expanding into new lending areas, as we have recently done in New York, Florida and New Jersey,” Trustco Chairman, President and CEO Robert J. Mccormick said.

Times Union archive CEO Robert J. Mccormick said Trustco is honored to continue “the century-long tradition of distributing a solid payout to our owners.”