ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced Wednesday that its board of directors has approved payment of a regular quarterly cash dividend of 42 cents per share.
It’s payable on Feb. 17, to common shareholders of record as of Feb. 9.
At the company’s current stock price, the dividend yields about 3.2 percent on an annual basis.
It’s the same dividend amount that Tompkins Financial paid last quarter, when it boosted the payout from the previous 40 cents a share.
The banking company also issued its earnings report for the fourth quarter and 2014 on the same day.
Tompkins Financial does business in the Central, Western, and Hudson Valley regions of New York, and Southeastern Pennsylvania. It is parent of Tompkins Trust Company, the Bank of Castile, Mahopac Bank, VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth-management services through Tompkins Financial Advisors.
Tompkins Trust ranks sixth in deposit market share in the 16-county Central New York region with $1.3 billion in deposits and nearly a 5 percent share of total market deposits, according to the latest FDIC data from June 30, 2014. The bank has 13 branches in the CNY market.
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