Trustmark Corporation (TRMK) to Issue Quarterly Dividend of $0.25 on June 15th

Trustmark Corporation (NASDAQ:TRMK) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, June 1st will be given a dividend of 0.25 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, June 1st.

Trustmark has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Trustmark has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Trustmark to earn $4.11 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 24.3%.

Trustmark Stock Up 0.1%

TRMK opened at $44.16 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.11. Trustmark has a 1-year low of $33.39 and a 1-year high of $45.99. The company has a market capitalization of $2.59 billion, a PE ratio of 11.68 and a beta of 0.66. The firm’s 50 day simple moving average is $43.83 and its two-hundred day simple moving average is $42.02.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. Trustmark had a net margin of 20.12% and a return on equity of 10.74%. The business had revenue of $208.07 million for the quarter, compared to the consensus estimate of $204.98 million. During the same period last year, the firm earned $0.88 earnings per share. As a group, equities analysts forecast that Trustmark will post 3.92 EPS for the current year.

Trustmark Company Profile

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.