BayCom Corp Announces Cash Dividend

Rhea-AI Summary

BayCom Corp (NASDAQ: BCML), the parent company of United Business Bank, has declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be payable on October 10, 2024 to shareholders of record as of the close of business on September 19, 2024. This announcement demonstrates BayCom's commitment to providing regular returns to its shareholders and may be seen as a positive indicator of the company's financial health and confidence in its future performance.

Positive

• Declaration of quarterly cash dividend of $0.10 per share
• Consistent dividend payout indicates financial stability

Negative

• None.

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 $0.10 per share on the Company's common stock. The dividend is payable on October 10, 2024 to shareholders of record as of the close of business on September 19, 2024.

About BayCom Corp

The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Nevada, Washington, New Mexico and Colorado. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is traded on the NASDAQ under the symbol “BCML”. For more information, go to www.unitedbusinessbank.com.

Forward-Looking Statements

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, including information regarding the ability of BayCom to pay dividends in the future. 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, the Company’s financial condition and results of operations, general economic conditions, as well as those within the Company’s industry, and numerous other factors identified in BayCom's Annual Report on Form 10-K for the year ended December 31, 2023, subsequent Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this release. The Company expressly disclaims any obligation to update or revise any forward-looking statements made 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/20240822677684/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) in October 2024?

BayCom Corp (BCML) has declared a quarterly cash dividend of $0.10 per share for October 2024.

When is the dividend payment date for BayCom Corp (BCML)?

The dividend payment date for BayCom Corp (BCML) is October 10, 2024.

What is the record date for BayCom Corp's (BCML) October 2024 dividend?

The record date for BayCom Corp's (BCML) October 2024 dividend is September 19, 2024.

How often does BayCom Corp (BCML) pay dividends?

Based on the announcement of a quarterly cash dividend, BayCom Corp (BCML) appears to pay dividends on a quarterly basis.