Boosting shareholder returns with a higher dividend payout
- TriCo Bancshares raises quarterly cash dividend to 33 cents per share
- Dividend increase approved by the company’s board
- New dividend of $1.32 on an annual basis
- Dividend payable on March 22 to shareholders of record on March 8
- Dividend yield of about 3.9%
- TriCo Bancshares is the parent company of Tri Counties Bank
TriCo Bancshares announced that its board has approved an increase in the company’s quarterly cash dividend. The dividend will now be 33 cents per share, up from the previous 30 cents. This translates to an annual dividend of $1.32. Shareholders of record on March 8 will receive the dividend on March 22. With a dividend yield of approximately 3.9%, this move aims to enhance shareholder returns. TriCo Bancshares is the parent company of Tri Counties Bank, which operates in northern and central California.
Factuality Level: 9
Factuality Justification: The article provides factual information about TriCo Bancshares increasing its quarterly cash dividend, including the new dividend amount, payment date, and dividend yield. It also briefly mentions the company’s subsidiary and the regions it serves. The article is concise and sticks to the main topic without including any irrelevant or misleading information.
Noise Level: 2
Noise Justification: The article provides clear and relevant information about TriCo Bancshares increasing its quarterly cash dividend. It stays on topic, supports its claims with specific details, and offers actionable insights for investors interested in the company.
Financial Relevance: Yes
Financial Markets Impacted: The increase in TriCo Bancshares’ dividend may attract investors and potentially impact the company’s stock price.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to a financial topic as it discusses an increase in TriCo Bancshares’ dividend. However, there is no mention of an extreme event or any specific impact on financial markets or companies.
Public Companies: TriCo Bancshares (TCBK)
Key People:
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