BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection. In addition, the company offers online and mobile banking, automated teller machine, remote deposit capture, night depository, courier, direct deposit, treasury management, wire transfer, automated clearing house services, debit cards, cashier's and travelers checks, letters of credit, lockbox, positive pay, reverse positive pay, and account reconciliation services, as well as zero balance accounts and sweep accounts, including loan sweep. As of December 31, 2021, it operated through a network of 33 full-service banking branches in Northern and Southern California; Denver, Colorado; Custer, Delta, and Grand counties, Colorado; and Seattle, Washington and Central New Mexico. The company was formerly known as Bay Commercial Bank and changed its name to BayCom Corp in January 2017. BayCom Corp was incorporated in 2004 and is headquartered in Walnut Creek, California.
BayCom Dividend Announcement
• BayCom announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-10-10. Ex dividend date: 2024-09-19
• BayCom annual dividend for 2024 was $0.40
• BayCom annual dividend for 2023 was $0.40
• BayCom's trailing twelve-month (TTM) dividend yield is 2.46%
• BayCom's payout ratio for the trailing twelve months (TTM) is 19.61%
BayCom Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | $0.10 | quarterly | 2024-10-10 |
2024-06-13 | $0.10 | quarterly | 2024-07-11 |
2024-03-14 | $0.10 | quarterly | 2024-04-12 |
2024-03-07 | $0.10 | quarterly | 2024-04-12 |
2023-12-13 | $0.10 | quarterly | 2024-01-12 |
2023-09-14 | $0.10 | quarterly | 2023-10-13 |
2023-06-15 | $0.10 | quarterly | 2023-07-14 |
2023-03-09 | $0.10 | quarterly | 2023-04-14 |
2022-12-15 | $0.05 | quarterly | 2023-01-13 |
2022-09-15 | $0.05 | quarterly | 2022-10-14 |
2022-06-16 | $0.05 | quarterly | 2022-07-15 |
2022-03-10 | $0.05 | quarterly | 2022-04-15 |
BayCom Dividend per year
BayCom Dividend growth
BayCom Dividend Yield
BayCom current trailing twelve-month (TTM) dividend yield is 2.46%. Interested in purchasing BayCom stock? Use our calculator to estimate your expected dividend yield:
BayCom Financial Ratios
BayCom Dividend FAQ
Other factors to consider when evaluating BayCom as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: BayCom's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, BayCom publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, BayCom distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from BayCom are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: BayCom sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, BayCom distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: BayCom declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of BayCom's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review BayCom's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.