Dividend Achievers List: Top 15

9. Tompkins Financial Corporation (NYSE:TMP)

Dividend Yield as of September 22: 4.16%

Tompkins Financial Corporation (NYSE:TMP) is an American financial services company that offers a wide range of related services to its consumers. The stock has recorded strong returns, surging by over 20% in the past 12 months. It has been grabbing investors’ attention because of its solid operating performance.

Tompkins Financial Corporation (NYSE:TMP)’s year-to-date and second-quarter results have been positively influenced by a stabilizing net interest margin and overall business growth. Year-over-year, loans increased by 7.7%, while noninterest income rose by 33% for the year to date, or 10% when excluding the loss from the sale of securities in the second quarter of 2023. The company has maintained a strong focus on managing expenses, with noninterest expenses down by 2.3% year to date. As it continues to optimize its balance sheet, the company is experiencing improved operating results, with stable and growing revenue alongside reduced expenses. Looking ahead, the company aims to foster growth through quality customer relationships, supported by robust capital and liquidity.

Tompkins Financial Corporation (NYSE:TMP) ended the quarter with $71 million in cash and cash equivalents. The company currently pays a quarterly dividend of $0.61 per share, having raised it by 1.7% in April this year. This marked the company’s 37th consecutive year of dividend growth, which makes TMP one of the best stocks on our dividend achievers list. The stock has a dividend yield of 4.16%, as of September 22.

According to Insider Monkey’s database of Q2 2024, 7 hedge funds owned stakes in Tompkins Financial Corporation (NYSE:TMP), up from 6 in the previous quarter. These stakes have a total value of $7.7 million. Among these hedge funds, D E Shaw was the company’s largest stakeholder in Q2.