TC Bancshares, Inc. operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also offers lending products comprising single-family residential loans, home equity lines of credit, closed-end home equity loans, consumer loans, commercial and multi-family residential real estate loans, commercial and industrial loans, construction loans, land development loans, and SBA/USDA guaranteed loans. It operates one branch in Thomasville, Georgia, and one in Tallahassee, Florida, as well as loan production offices in Tallahassee, Florida and Savannah, Georgia. The company was founded in 1934 and is based in Thomasville, Georgia.
TC Bancshares Dividend Announcement
• TC Bancshares announced a semi annually dividend of $0.05 per ordinary share which will be made payable on 2024-07-19. Ex dividend date: 2024-07-05
• TC Bancshares annual dividend for 2024 was $0.10
• TC Bancshares annual dividend for 2023 was $0.05
• TC Bancshares's trailing twelve-month (TTM) dividend yield is 0.6%
• TC Bancshares's payout ratio for the trailing twelve months (TTM) is -1560.62%
TC Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-05 | $0.05 | semi annually | 2024-07-19 |
2024-01-04 | $0.05 | semi annually | 2024-01-19 |
2023-07-06 | $0.05 | semi annually | 2023-07-21 |
2022-12-30 | $0.05 | semi annually | 2023-01-18 |
2022-06-24 | $0.05 | semi annually | 2022-07-15 |
TC Bancshares Dividend per year
TC Bancshares Dividend growth
TC Bancshares Dividend Yield
TC Bancshares current trailing twelve-month (TTM) dividend yield is 0.6%. Interested in purchasing TC Bancshares stock? Use our calculator to estimate your expected dividend yield:
TC Bancshares Financial Ratios
TC Bancshares Dividend FAQ
Other factors to consider when evaluating TC Bancshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: TC Bancshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, TC Bancshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, TC Bancshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from TC Bancshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: TC Bancshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, TC Bancshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: TC Bancshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of TC Bancshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review TC Bancshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.