ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 52 cents a share for the first quarter.
The dividend is payable on Feb. 18, to common shareholders of record on Feb. 10. It’s the same amount that Tompkins Financial paid in last year’s fourth quarter, when it boosted its dividend by 2 cents from the dividend of 50 cents a share that the banking company had paid in the third quarter.
At Tompkins Financial’s current stock price, the payment yields more than 2.3 percent on an annual basis.
Tompkins Financial also announced that it generated nearly $21.1 million in net income in the fourth quarter, up 11.5 percent from more than $18.9 million in the same quarter in 2018.
For the full year of 2019, the banking company generated net income of $81.7 million, down less than 1 percent from
$82.3 million in 2018.
Tompkins Financial is a financial-services firm, with more than $6.7 billion in total assets, 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.