Categories: Banks & Credit UnionsSubscriber Only

Tompkins Financial to pay Q4 dividend of 54 cents on Nov. 13

ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 54 cents a share for the fourth quarter. The dividend is payable on Nov. 13, to common shareholders of record on Nov. 3. The dividend represents a 3.8 percent increase over the […]

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ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 54 cents a share for the fourth quarter.

The dividend is payable on Nov. 13, to common shareholders of record on Nov. 3. The dividend represents a 3.8 percent increase over the cash dividend of 52 cents paid in the third quarter.

At Tompkins Financial’s current stock price, the payment yields about 3.45 percent on an annual basis.

Tompkins Financial also recently announced that it generated earnings per share of $1.63 in the third quarter, up almost 22 percent from $1.34 in the year-ago quarter. The banking company produced net income of $24.2 million in the third quarter, up about 20 percent from $20.2 million in the same period in 2019.

Tompkins Financial is a financial-services firm serving the Central, Western, and Hudson Valley regions of New York and the Southeastern part of Pennsylvania. Headquartered in Ithaca, Tompkins Financial is parent of Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, and Tompkins Insurance Agencies, Inc. It also offers wealth-management services through Tompkins Financial Advisors.

Journal Staff