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Banc of California, Inc. (BANC) declares a quarterly cash dividend of $0.10 per share on its common stock, payable on October 2, 2023, to stockholders of record as of September 15, 2023. The company also offers a Dividend Reinvestment Plan (DRIP) with a 3% discount for eligible stockholders.
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SANTA ANA, Calif.--(BUSINESS WIRE)--
Banc of California, Inc. (NYSE: BANC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable on October 2, 2023 to stockholders of record as of September 15, 2023.
Banc of California maintains a Dividend Reinvestment Plan (DRIP) which allows stockholders to automatically acquire shares at a 3% discount from the applicable market price. All registered stockholders with holdings maintained at the Company's transfer agent, Computershare, are eligible to participate in the DRIP program. For more information on the Company's DRIP program, please contact Investor Relations at IR@bancofcal.com or (855) 361-2262.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company with $9.37 billion in assets at June 30, 2023 and one wholly-owned banking subsidiary, Banc of California, N.A. (the Bank). The Bank has 33 offices including 27 full-service branches located throughout Southern California. Through our dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California, and full stack payment processing solution through our subsidiary Deepstack Technologies. We help to improve the communities where we live and work, by supporting organizations that provide financial literacy and job training, small business support and affordable housing. With a commitment to service and to building enduring relationships, we provide a higher standard of banking. We look forward to helping you achieve your goals. For more information, please visit us at www.bancofcal.com.
Investor Relations Inquiries:
Banc of California, Inc.
(855) 361-2262
Jared Wolff, (949) 385-8700
Joe Kauder, (310) 844-5224
Source: Banc of California, Inc.
FAQ
What is the dividend declared by Banc of California, Inc. (BANC)?
Banc of California, Inc. (BANC) has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock.
When will the dividend be payable to Banc of California, Inc. (BANC) stockholders?
The dividend will be payable on October 2, 2023, to stockholders of record as of September 15, 2023.
Does Banc of California, Inc. (BANC) offer a Dividend Reinvestment Plan (DRIP)?
Yes, Banc of California, Inc. (BANC) maintains a Dividend Reinvestment Plan (DRIP) which allows stockholders to automatically acquire shares at a 3% discount from the applicable market price.
How can Banc of California, Inc. (BANC) stockholders participate in the DRIP program?
All registered stockholders with holdings maintained at the Company's transfer agent, Computershare, are eligible to participate in the DRIP program. For more information, please contact Investor Relations at IR@bancofcal.com or (855) 361-2262.
