The new dividend rate yields approximately 2.94% annually, an uptick from the earlier 2.78% yield. Investors listed on the company’s books as of November 6 will be eligible for the payment, which is scheduled for distribution on November 13.
Tompkins Financial Boosts Dividend Payout by 5.7 Percent
Ithaca-based Tompkins Financial is increasing its quarterly dividend to 74 cents per share, a 5.7% hike from the previous 70-cent distribution. This adjustment pushes the company’s annualized payout to $2.96, reflecting a strengthened commitment to shareholder returns following Thursday's closing market price of $100.78.
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