Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Dividends From Bank Stocks

Tuesday, August 24, 2010 - 1:09 PM
This might be the only way to receive decent yields from banks these days. Of course it does have risks (just ask former WaMu share holders). One example of a bank that has held up fairly well and has maintained solid dividends is TrustCo Bank Corp. NY which operates as the holding company for Trustco Bank. Trustco Bank has over 130 branches in NY, NJ, MA, VT and FL..

This post at BestCashCow has a good review of TrustCo Bank and its dividends which currently have a yield of 4.9%. Even though the dividends may have held up well, the stock price is less than half of what it used to be through most of the last decade. Our Trustco Bank review page has its Texas ratio and other financial data.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708