TriCo: Dividend Insights
Portfolio Pulse from Benzinga Insights
TriCo (NASDAQ:TCBK) announced a quarterly dividend of 30 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 30 cents lower to reflect the payout. Eligible shareholders will receive the dividend on December 22, 2023.
December 04, 2023 | 2:45 pm
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TriCo (TCBK) will pay a quarterly dividend of 30 cents per share, with the stock expected to open lower on the ex-dividend date.
The stock is expected to open lower on the ex-dividend date to reflect the dividend payout, which is a common occurrence. This anticipated drop is typically equal to the dividend amount, suggesting a short-term negative impact on the stock price. However, the impact is generally considered a neutral event by the market as it is a planned and expected adjustment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100