NASHVILLE, Tenn., Jan. 26, 2017 (GLOBE NEWSWIRE) -- Truxton Corporation (OTCPK:TRUX), a financial holding company and the parent of Truxton Trust Company, announced that its Board of Directors has approved a quarterly cash dividend of $0.20 per common share payable March 29, 2016 to shareholders of record as of March 8, 2017.
Truxton Corporation has previously paid dividends on a semi-annual basis and in 2016 paid aggregate dividends of $0.72 per share. Annualized, today’s dividend represents an 11% increase over the 2016 dividend. This represents the fifth consecutive year of increased dividends at Truxton Corporation. President and CFO Andrew L. May said, “Our high returns on equity and measured balance sheet growth allow Truxton to return significant amounts of capital to shareholders through dividends. Our Board has also previously authorized a $1 million share repurchase, as yet unexecuted, creating another avenue to return capital.”
About Truxton Trust
Truxton Trust is a full-service private bank and trust company founded in 2004. Since its inception, Truxton Trust has been focused on a singular guiding principle: do the right thing. Truxton Trust delivers the highest level of personal service through its vastly experienced and credentialed team of professionals who provide comprehensive and customized financial solutions to individuals, their families and their business interests.