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Tompkins Financial boosts quarterly dividend by 5 percent

ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a regular quarterly cash dividend of 60 cents a share, up 5.3 percent from 57 cents last quarter. The new dividend is payable on Nov. 15, to common shareholders of record on Nov. 8. At Tompkins’ […]

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The new dividend is payable on Nov. 15, to common shareholders of record on Nov. 8. At Tompkins’ current stock price, the payment yields about 2.9 percent on an annual basis.

Tompkins Financial reported net income for the third quarter of
$21.3 million, essentially unchanged from the same quarter in 2021. The banking company produced earnings per share of $1.48 in the third quarter, up 2.1 percent from $1.45 in the year-ago period.

Tompkins Financial is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, Tompkins Financial is parent to Tompkins Community Bank and Tompkins Insurance Agencies, Inc., and offers wealth-management services through Tompkins Financial Advisors.

Jornal Staff