The updated payout translates to an annualized rate of $2.80 per share. Based on the stock's Thursday closing price of $92.65, this adjustment pushes the annual dividend yield to approximately 3.02%, up from the prior 2.89% mark. Investors on record as of August 7 are eligible for the payment, which the company scheduled to distribute on August 14.
In section Market Quotes
Tompkins Financial Boosts Dividend Payout to 70 Cents
Shareholders of Tompkins Financial will see their quarterly dividend climb to 70 cents per share, a 4.5% increase from the previous 67-cent distribution. The Ithaca-based firm confirmed the hike on Friday, signaling confidence in its financial position despite a shifting banking landscape.
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