Trico Bancshares's latest quarterly cash dividend of $0.33 per share was issued to shareholders on record before Mar 7, 2024. The dividend distribution stands at $1.23 per share annually, which comes to a dividend yield of 3.6%. The latest TCBK dividend of $0.33 is an increase from the previous $0.3 payout, representing a growth of 10%.
TCBK has a dividend yield of 3.6% which is above the Financial Services sector average but below the industry and its peers average. Compared to its Financial Services sector average of 3.38%, Trico Bancshares's dividend yield is 7% higher. Historically TCBK's dividend yield has averaged at 2.6% in the last 5 years, which is below the current yield.
Trico Bancshares has been paying dividends for the last 30 years. Our records show that TCBK has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 7% for the last twelve months. And with the price of the stock down by 11% from a year ago, the dividend yield has increased by 20%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 7, 2024 | Mar 22, 2024 | Feb 22, 2024 | $0.33 | normal |
| Dec 7, 2023 | Dec 22, 2023 | Nov 20, 2023 | $0.3 | normal |
| Sep 7, 2023 | Sep 22, 2023 | Aug 24, 2023 | $0.3 | normal |
| Jun 8, 2023 | Jun 23, 2023 | May 18, 2023 | $0.3 | normal |
| Mar 16, 2023 | Mar 24, 2023 | Mar 6, 2023 | $0.3 | normal |
| Dec 8, 2022 | Dec 23, 2022 | Nov 21, 2022 | $0.3 | normal |
| Sep 8, 2022 | Sep 23, 2022 | Aug 29, 2022 | $0.3 | normal |
| Jun 9, 2022 | Jun 24, 2022 | May 20, 2022 | $0.25 | normal |
| Mar 10, 2022 | Mar 25, 2022 | Mar 1, 2022 | $0.25 | normal |
| Dec 16, 2021 | Dec 31, 2021 | Nov 18, 2021 | $0.25 | normal |
| Sep 9, 2021 | Sep 24, 2021 | Aug 27, 2021 | $0.25 | normal |
| Jun 10, 2021 | Jun 25, 2021 | May 27, 2021 | $0.25 | normal |
| Mar 11, 2021 | Mar 26, 2021 | Feb 25, 2021 | $0.25 | normal |
| Dec 3, 2020 | Dec 18, 2020 | Nov 20, 2020 | $0.22 | normal |
| Sep 10, 2020 | Sep 25, 2020 | Aug 27, 2020 | $0.22 | normal |
| Jun 11, 2020 | Jun 26, 2020 | May 28, 2020 | $0.22 | normal |
| Mar 12, 2020 | Mar 27, 2020 | Feb 27, 2020 | $0.22 | normal |
| Dec 12, 2019 | Dec 30, 2019 | Nov 5, 2019 | $0.22 | normal |
| Sep 12, 2019 | Sep 27, 2019 | Aug 8, 2019 | $0.22 | normal |
| Jun 13, 2019 | Jun 28, 2019 | May 21, 2019 | $0.19 | normal |
| Mar 14, 2019 | Mar 29, 2019 | Feb 26, 2019 | $0.19 | normal |
| Dec 13, 2018 | Dec 28, 2018 | Nov 28, 2018 | $0.19 | normal |
| Sep 13, 2018 | Sep 28, 2018 | Aug 31, 2018 | $0.17 | normal |
| Jun 14, 2018 | Jun 29, 2018 | May 23, 2018 | $0.17 | normal |
| Mar 15, 2018 | Mar 30, 2018 | Feb 27, 2018 | $0.17 | normal |
| Dec 14, 2017 | Dec 29, 2017 | Nov 28, 2017 | $0.17 | normal |
| Sep 14, 2017 | Sep 29, 2017 | Aug 22, 2017 | $0.17 | normal |
| Jun 13, 2017 | Jun 30, 2017 | May 23, 2017 | $0.17 | normal |
| Mar 16, 2017 | Mar 31, 2017 | Mar 8, 2017 | $0.15 | normal |
| Dec 13, 2016 | Dec 30, 2016 | Dec 1, 2016 | $0.15 | normal |
| Sep 12, 2016 | Sep 30, 2016 | Sep 1, 2016 | $0.15 | normal |
TCBK has a payout ratio of 34.8% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 39.5%, Trico Bancshares's payout ratio is 12% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BMRC Bank of Marin Bancorp | 6.46% | $1 | 80.6% |
| CVBF Cvb Financial Corp | 4.86% | $0.8 | 50.3% |
| CATY Cathay General Bancorp | 3.71% | $1.36 | 27.9% |
| TCBK Trico Bancshares | 3.6% | $1.23 | 34.8% |
| CWBC Community West Bancshares. | 2.72% | $0.48 | 22.1% |
| EWBC East West Bancorp Inc | 2.67% | $1.99 | 24.2% |
| OVLY Oak Valley Bancorp | 1.58% | $0.39 | 10.2% |
Yes, Trico Bancshares has paid four dividends in the last twelve months. TCBK has been paying dividends since 1994.
TCBK hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in June 2024.
Trico Bancshares's last regular dividend was on Mar 7, 2024 (ex-date) with the amount of $0.33 per share.
TCBK has paid dividend of $1.23 per share in the last year.
The current dividend yield of Trico Bancshares is 3.6%.
Trico Bancshares pays dividends quarterly.
Trico Bancshares's dividend payout ratio is 34.8%.
Trico Bancshares's dividend yield is above the Financial Services sector average.