TriCo Bancshares Announces Quarterly Cash Dividend

Rhea-AI Summary

TriCo Bancshares (NASDAQ: TCBK) announced a quarterly cash dividend of $0.25 per share on May 19, 2022. This dividend will be payable on June 24, 2022 to shareholders on record as of June 10, 2022. TriCo Bancshares, headquartered in Chico, California, operates Tri Counties Bank, which offers a range of financial services across Northern and Central California, including online and mobile banking options.

Positive

• Quarterly cash dividend of $0.25 per share
• Dividends indicate company profitability and shareholder returns

Negative

• None.

CHICO, Calif.--(BUSINESS WIRE)-- The Board of Directors of TriCo Bancshares (NASDAQ: TCBK) (the “Company”), parent company of Tri Counties Bank, declared a quarterly cash dividend of $0.25 (twenty-five cents) per share on its common stock, no par value on May 19, 2022. The dividend is payable on June 24, 2022 to holders of record on June 10, 2022.

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, providing a unique brand of customer Service with Solutions available in traditional stand-alone and in-store bank branches in communities throughout Northern and Central California. Tri Counties Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATM, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors through affiliation with Raymond James Financial Services, Inc. Visit www.TriCountiesBank.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005413/en/

Peter G. Wiese, EVP & CFO, (530) 898-0300

Source: TriCo Bancshares

FAQ

What is the dividend amount declared by TriCo Bancshares?

TriCo Bancshares declared a quarterly cash dividend of $0.25 per share.

When is the dividend payment date for TCBK?

The dividend is payable on June 24, 2022.

What date is the record for dividend eligibility for TCBK?

The record date for dividend eligibility is June 10, 2022.

What financial services does Tri Counties Bank provide?

Tri Counties Bank provides consumer, small business, and commercial banking services.

Is TriCo Bancshares' dividend sustainable?

The announcement of a dividend suggests confidence in financial stability, but specific sustainability measures are not detailed in the PR.