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 April 28, 2022. This dividend will be paid to shareholders of record as of May 13, 2022, with a payment date on or about May 20, 2022. PCB Bancorp operates Pacific City Bank, providing commercial banking services primarily in Southern California, focusing on small to medium-sized businesses and the Korean-American community.

Positive

• Quarterly cash dividend of $0.15 per share enhances shareholder value.
• Payment scheduled for May 20, 2022, provides a timely return to 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 April 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 May 20, 2022, to shareholders of record as of the close of business on May 13, 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/20220428005238/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 PCB Bancorp's dividend be paid?

The dividend will be paid on or about May 20, 2022.

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

The record date for the dividend is May 13, 2022.

How often does PCB Bancorp pay dividends?

PCB Bancorp pays quarterly dividends.

Is PCB Bancorp's dividend sustainable?

The sustainability of PCB Bancorp's dividend would depend on its ongoing financial performance.