TriCo Bancshares Declares Quarterly Dividend of $0.33 per Share, Continues Streak of Cash Dividend Payments
CHICO, Calif.’ The Board of Directors of TriCo Bancshares (NASDAQ: TCBK) announced on May 23, 2024, that a quarterly cash dividend of $0.33 per share on its common stock, no par value, has been declared.This dividend is scheduled to be paid on June 21, 2024, to shareholders of record as of June 7, 2024, marking the 139th consecutive quarterly cash dividend payment for the company.
Tri Counties Bank, a wholly-owned subsidiary of TriCo Bancshares established in 1975, has shown a commitment to rewarding its shareholders through regular dividend payments.This recent announcement reaffirms the company’s dedication to providing value to investors and maintaining financial stability.
The impact of this news on shareholders has been positive, with Trico Bancshares shares experiencing an 8.46% increase during the month of May.This brings the share price growth to 11.91% over the past 90 days, indicating strong performance and investor confidence in the company.Trico Bancshares shares are currently trading on the NASDAQ at 8.9% above their 52-week average, further demonstrating the company’s continued growth and success in the market.
In conclusion, TriCo Bancshares’ declaration of a quarterly cash dividend further solidifies its position as a reliable and profitable investment option for shareholders.With a history of consistent dividend payments and strong stock performance, the company remains a valuable asset in the financial sector.
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