BayCom Corp Announces Cash Dividend

Rhea-AI Summary

BayCom Corp (NASDAQ: BCML) announced a quarterly cash dividend of $0.05 per share on its outstanding common stock. This dividend will be paid on July 15, 2022 to shareholders on record as of June 17, 2022. The announcement reflects the company's ongoing commitment to returning value to its shareholders, although future performance may be subject to various risks and uncertainties. BayCom cautions that forecasts may differ from actual results due to factors outlined in its Annual Report for the year ended December 31, 2021.

Positive

• Quarterly cash dividend of $0.05 per share.
• Dividend payment demonstrates commitment to shareholder returns.

Negative

• Forward-looking statements include caution about 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 July 15, 2022 to shareholders of record as of the close of business on June 17, 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/20220518006075/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)?

The dividend amount declared by BayCom Corp (BCML) is $0.05 per share.

When is the dividend payment date for BayCom Corp?

The dividend payment date for BayCom Corp is July 15, 2022.

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

The record date for the dividend payment is June 17, 2022.

Are there any risks associated with BayCom Corp's future performance?

Yes, there are various risks and uncertainties that may affect BayCom Corp's future performance as noted in their press release.