PCB Bancorp Declares Quarterly Cash Dividend of $0.15 Per Common Share

Rhea-AI Summary

PCB Bancorp (NASDAQ: PCB) announced a quarterly cash dividend of $0.15 per common share on July 28, 2022. The dividend will be distributed on or about August 19, 2022 to shareholders of record as of the close of business on August 12, 2022. PCB Bancorp operates Pacific City Bank, offering commercial banking services mainly to small to medium-sized businesses and minority communities in Southern California.

Positive

• Quarterly cash dividend of $0.15 per share enhances shareholder income.
• Dividend payment dates provide clarity for investors.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of Pacific City Bank (the “Bank”), announced that on July 28, 2022, its Board of Directors declared a quarterly cash dividend of $0.15 per common share. The dividend will be paid on or about August 19, 2022, to shareholders of record as of the close of business on August 12, 2022.

About PCB Bancorp

PCB Bancorp is the bank holding company for Pacific City Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005116/en/

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

Source: PCB Bancorp

FAQ

What is the dividend amount declared by PCB Bancorp?

PCB Bancorp declared a quarterly cash dividend of $0.15 per common share.

When will the dividend be paid to PCB Bancorp shareholders?

The dividend will be paid on or about August 19, 2022.

What is the record date for PCB Bancorp's dividend payment?

The record date for the dividend payment is August 12, 2022.

How does the dividend impact PCB Bancorp shareholders?

The dividend provides income to shareholders and reflects the company's financial health.

Is the dividend sustainable for PCB Bancorp?

The sustainability of the dividend will depend on the company's future financial performance.