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Banc of California, Inc. Announces Quarterly Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Banc of California (NYSE: BANC) has announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock, payable on July 1, 2024, to shareholders of record as of June 14, 2024.
Additionally, a quarterly dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, will be paid on June 3, 2024, to shareholders of record as of May 23, 2024. The Series F shares trade under the symbol Banc/PF.
The company also offers a Dividend Reinvestment Plan (DRIP), providing a 3% discount on market price for common shareholders.
Positive
Quarterly cash dividend of $0.10 per share on common stock, payable July 1, 2024.
Quarterly dividend of $0.4845 per depositary share on 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, payable June 3, 2024.
Dividend Reinvestment Plan (DRIP) offers a 3% discount on market price for common shareholders.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable July 1, 2024, to stockholders of record as of June 14, 2024.
The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be payable June 3, 2024, to stockholders of record as of May 23, 2024. The Series F depositary shares are traded on the New York Stock Exchange under the “Banc/PF” symbol.
The Company maintains a Dividend Reinvestment Plan (DRIP) which allows common stockholders to automatically acquire common shares at a 3% discount from the applicable market price. All registered common 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 over $36 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California is the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. For more information, please visit us at www.bancofcal.com.
Investor Relations Inquiries:
Banc of California, Inc.
(855) 361-2262
Jared Wolff, (310) 424-1230
Joe Kauder, (310) 844-5224
William Black, (919) 597-7466
Ann DeVries, (917) 568-6468
When is the dividend for Banc of California common stock payable?
The quarterly cash dividend of $0.10 per share on Banc of California common stock is payable on July 1, 2024.
What is the record date for Banc of California's common stock dividend?
The record date for the common stock dividend is June 14, 2024.
How much is the dividend for Banc of California’s Series F preferred stock?
The quarterly dividend for Banc of California's Series F preferred stock is $0.4845 per depositary share.
When is the payment date for Banc of California’s Series F preferred stock dividend?
The payment date for the Series F preferred stock dividend is June 3, 2024.
What is the record date for Banc of California’s Series F preferred stock dividend?
The record date for the Series F preferred stock dividend is May 23, 2024.
What benefit does Banc of California's Dividend Reinvestment Plan offer?
Banc of California's Dividend Reinvestment Plan (DRIP) offers a 3% discount on the applicable market price for common shareholders.
How can shareholders participate in Banc of California's DRIP program?
All registered common stockholders with holdings maintained at the Company's transfer agent, Computershare, are eligible to participate in the DRIP program.
