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TriCo Bancshares Rewards Shareholders With 9% Dividend Hike
TriBancsharesTriBancshares(US:TCBK) ZACKSยท2025-08-26 17:35

Core Viewpoint - TriCo Bancshares (TCBK) continues to demonstrate a shareholder-friendly approach by increasing its quarterly cash dividend to 36 cents per share, marking a 9.1% increase from the previous payout [1][8]. Dividend History - The recent dividend hike represents the 144th consecutive quarterly dividend for TriCo Bancshares, with a total of 10 increases over the past 15 years, growing from 9 cents to 36 cents, a fourfold increase [2][8]. Financial Metrics - With a closing price of $44.44, TCBK's dividend yield is currently at 2.9%. The company maintains a payout ratio of 39% and an annualized dividend growth rate of 9.48%, indicating a strong capacity for reinvestment while providing consistent capital returns [3][8]. Share Repurchase Program - TriCo Bancshares has been actively repurchasing shares, with a board-approved plan to buy back up to 2.0 million shares. As of June 30, 2025, approximately 0.36 million shares remain authorized for repurchase [4]. Liquidity Position - The company reported $314 million in cash and cash equivalents against $119 million in total debt as of June 30, 2025, highlighting a robust liquidity profile that supports its dividend and share repurchase initiatives [5][8]. Stock Performance - Over the past three months, TCBK shares have increased by 10.4%, slightly underperforming the industry growth of 11.9% [6]. Zacks Rank - TCBK currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook in the market [9].