TriCo Bancshares Declares Quarterly Dividend of $0.36 (NASDAQ:TCBK)

TriCo Bancshares (NASDAQ:TCBK) declared a quarterly dividend on Thursday, May 21st, NASDAQ Dividends reports. Shareholders of record on Friday, June 5th will be paid a dividend of 0.36 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, June 5th.

TriCo Bancshares has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. TriCo Bancshares has a dividend payout ratio of 40.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriCo Bancshares to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 33.1%.

TriCo Bancshares Stock Performance

Shares of TCBK opened at $50.67 on Wednesday. TriCo Bancshares has a one year low of $36.32 and a one year high of $53.18. The company has a 50-day moving average of $49.52 and a two-hundred day moving average of $48.97. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 12.83 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.86.

TriCo Bancshares (NASDAQ:TCBK) last announced its earnings results on Monday, March 2nd. The financial services provider reported $1.03 EPS for the quarter. TriCo Bancshares had a net margin of 23.71% and a return on equity of 9.87%. The company had revenue of $111.21 million during the quarter. On average, equities research analysts expect that TriCo Bancshares will post 4.22 earnings per share for the current year.

About TriCo Bancshares

TriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.

The company’s core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.