TriCo Bancshares Declares $0.36 Dividend as Quarterly Profit Rises

TriCo Bancshares declared a $0.36 quarterly dividend after third-quarter net income rose to $38 million, maintaining its payout as shareholders await a Nov. 27 payment. The cash dividend was declared Oct. 20. Shareholders recorded as owners on Nov. 16 are eligible for the payment. The amount matches the dividends listed for the quarters ended Sept. 30 and June 30. TriCo’s net income for the quarter ended Sept. 30 was $38 million, or $1.18 per diluted share. In the prior quarter, net income was $34.2 million, or $1.06 per diluted share. TriCo Bancshares is the parent company of Tri Counties Bank.

Source: TokenPost