BayCom Corp Announces Cash Dividend

Rhea-AI Summary

BayCom Corp (NASDAQ: BCML) has declared a quarterly cash dividend of $.05 per share, payable on January 13, 2023 to shareholders of record as of December 16, 2022. This decision reflects the company's commitment to returning value to shareholders and underscores its ongoing financial health. The announcement comes amidst a backdrop of forward-looking statements cautioning that actual future results may differ due to various risks and uncertainties.

Positive

• Declared a quarterly cash dividend of $.05 per share, indicating ongoing commitment to shareholder returns.

Negative

• Forward-looking statements highlight potential risks and uncertainties affecting future performance.

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $.05 per share on the Company's outstanding common stock. The cash dividend will be payable on January 13, 2023 to shareholders of record as of the close of business on December 16, 2022.

Safe-Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business and ability to continue paying dividends. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in BayCom's Annual Report on Form 10-K for the year ended December 31, 2021. Such forward-looking statements speak only as of the date of this release. BayCom expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company's expectations of results or any change in events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005954/en/

BayCom Corp

Keary Colwell, 925-476-1800

kcolwell@ubb-us.com

Source: BayCom Corp

FAQ

What is the dividend amount for BayCom Corp (BCML)?

BayCom Corp has announced a quarterly cash dividend of $.05 per share.

When will the dividend be paid to shareholders for BCML?

The dividend will be payable on January 13, 2023.

What is the record date for the dividend payment of BayCom Corp?

The record date for the dividend payment is December 16, 2022.

Is the dividend from BayCom Corp sustainable?

The company has issued forward-looking statements that suggest potential risks affecting future performance and dividend sustainability.