TriCo's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
TriCo (NASDAQ:TCBK) has announced a quarterly dividend of 30 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 30 cents lower. Shareholders who own TCBK as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 22, 2023.
September 04, 2023 | 2:45 pm
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TriCo's announcement of a 30 cents per share dividend may cause the stock to open lower on the ex-dividend date. The dividend will be paid out on September 22, 2023.
Dividends are typically factored into a stock's price. When a stock goes ex-dividend, its price usually drops by the amount of the dividend to reflect the payout. Therefore, TriCo's stock is likely to open lower on the ex-dividend date. However, this is a temporary effect and the stock price may recover in the following trading sessions.
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