BayCom Corp Announces Cash Dividend

Rhea-AI Summary

BayCom Corp (NASDAQ: BCML) has declared a quarterly cash dividend of $.05 per share. This dividend will be payable on October 14, 2022, to shareholders of record at the close of business on September 16, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders and indicates confidence in its financial stability.

Positive

• Quarterly cash dividend of $.05 per share announced, reinforcing shareholder value.

Negative

• Potential risks and uncertainties related to future dividend payments as stated in the forward-looking statements.

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 October 14, 2022 to shareholders of record as of the close of business on September 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/20220818005724/en/

BayCom Corp

Keary Colwell, 925-476-1800

kcolwell@ubb-us.com

Source: BayCom Corp

FAQ

What is the dividend amount declared by BayCom Corp?

The dividend amount declared is $.05 per share.

When will the dividend be paid?

The dividend will be paid on October 14, 2022.

What is the record date for the dividend?

The record date for the dividend is September 16, 2022.

Is the dividend sustainable for BayCom Corp?

The company acknowledges potential risks that may affect future dividend payments.