ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved an increase of its quarterly cash dividend to 62 cents for the fourth quarter — up 1.6 percent from 61 cents in the third quarter, and up 3.3 percent from 60 cents in the fourth quarter of 2023. The […]
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved an increase of its quarterly cash dividend to 62 cents for the fourth quarter — up 1.6 percent from 61 cents in the third quarter, and up 3.3 percent from 60 cents in the fourth quarter of 2023.
The new dividend is payable on Nov. 15, to common shareholders of record on Nov. 8. At Tompkins Financial’s stock price, the new payment yields about 4.1 percent on an annual basis.
Tompkins Financial also recently reported net income of more than $18.6 million in the third quarter, compared to a net loss of $33.35 million in the third quarter of 2023.
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.
