CHICO, Calif. - TriCo Bancshares (NASDAQ:TCBK), the holding company for Tri Counties Bank, has announced an increase in its quarterly cash dividend to $0.33 per share. This marks a 10% rise from the previous quarter's dividend.
The upcoming payment, scheduled for March 22, 2024, will be available to shareholders on record as of March 8, 2024.
Richard Smith, President and CEO of TriCo Bancshares, highlighted the significance of this increase as a continuation of the company's long-standing practice of rewarding shareholders. "This dividend reflects our 138th consecutive quarterly payment, which is reflective of the Company's strength, stability, and our commitment to building shareholder value for nearly 50 years," said Smith.
Tri Counties Bank, a subsidiary of TriCo Bancshares since 1975, operates branches across Northern and Central California. The bank offers a comprehensive range of consumer, small business, and commercial banking services.
Customers also benefit from the convenience of ATM, online, and mobile banking. Additionally, brokerage services are available through Tri Counties Advisors in affiliation with Raymond James Financial (NYSE:RJF) Services, Inc.
The announcement of the dividend increase is based on a press release statement from TriCo Bancshares.
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