TriCo Bancshares Announces Quarterly Cash Dividend

Rhea-AI Summary

TriCo Bancshares (NASDAQ: TCBK), the parent company of Tri Counties Bank, announced a quarterly cash dividend of $0.33 per share. This marks the 139th consecutive quarterly dividend, with a payment date set for June 21, 2024, and a record date on June 7, 2024. The announcement reinforces Tri Counties Bank's commitment to providing consistent returns to its shareholders. Headquartered in Chico, California, TriCo Bancshares has been serving communities in Northern and Central California since 1975. The bank offers a wide array of consumer, small business, and commercial banking services, along with around-the-clock online and mobile banking access. Brokerage services are also available through an affiliation with Raymond James Financial Services.

Positive

• Declared a quarterly cash dividend of $0.33 per share.
• Maintained a consistent dividend payment history with 139 consecutive quarterly dividends.
• Dividend payment scheduled for June 21, 2024.
• Record date set for June 7, 2024.
• Established presence in Northern and Central California since 1975.
• Offers a broad range of consumer, small business, and commercial banking services.
• Provides 24/7 ATM, online, and mobile banking access.
• Affiliated with Raymond James Financial Services for brokerage services.

Negative

• No new strategic initiatives or growth plans were announced.
• The press release lacks details on financial performance or future projections.
• Potential risk if dividend consistency is not maintained in future quarters.

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 $0.33 (thirty-three cents) per share on its common stock, no par value on May 23, 2024. The dividend is payable on June 21, 2024, to holders of record on June 7, 2024. This represents the Company's 139th consecutive quarterly cash dividend payment.

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/20240524251479/en/

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

Source: TriCo Bancshares

FAQ

What is the dividend amount announced by TriCo Bancshares for its common stock?

TriCo Bancshares announced a quarterly cash dividend of $0.33 per share.

When is TriCo Bancshares paying its next dividend?

The dividend is payable on June 21, 2024.

What is the record date for TriCo Bancshares' next dividend?

The record date for the dividend is June 7, 2024.

How many consecutive quarterly dividends has TriCo Bancshares declared?

TriCo Bancshares has declared 139 consecutive quarterly dividends.

What services does Tri Counties Bank offer?

Tri Counties Bank offers consumer, small business, and commercial banking services, as well as around-the-clock ATM, online, and mobile banking access.

Where is TriCo Bancshares headquartered?

TriCo Bancshares is headquartered in Chico, California.