TriCo Bancshares (TCBK) Raises Quarterly Dividend 11.8% to $0.19; 2% Yield

TriCo Bancshares (NASDAQ: TCBK) declared a quarterly dividend of $0.19 per share, or $0.76 annualized. This is an 11.8% increase from the prior dividend of $0.17.

The dividend will be payable on December 28, 2018, to stockholders of record on December 14, 2018, with an ex-dividend date of December 13, 2018.

The annual yield on the dividend is 2 percent.

Rick Smith, President and Chief Executive Officer, commented, "The successful integration of First National Bank of Northern California and Tri Counties Bank, in addition to strong third quarter financial performance as a combined company facilitated further evaluation of our capital allocation strategies. This increase in our dividend is consistent with our stated goal of providing strong shareholder returns while supporting planned growth initiatives and maintaining target capital levels."

For a dividend history and other dividend-related data on TriCo Bancshares (TCBK) click here.

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