Published on 2 Dec 2023 on Simply Wall St. via Yahoo Finance

TriCo Bancshares (NASDAQ:TCBK) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

TriCo Bancshares (NASDAQ:TCBK) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase TriCo Bancshares' shares on or after the 7th of December will not receive the dividend, which will be paid on the 22nd of December.

The company's upcoming dividend is US$0.30 a share, following on from the last 12 months, when the company distributed a total of US$1.20 per share to shareholders. Looking at the last 12 months of distributions, TriCo Bancshares has a trailing yield of approximately 3.2% on its current stock price of $37.01. If you buy this business for its dividend, you should have an idea of whether TriCo Bancshares's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for TriCo Bancshares