BayCom Corp Announces 50% Increase in Quarterly Dividend

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 $0.15 per share on the Company’s outstanding common stock, which represents a 50% increase (from $0.10 per share) in the Company’s quarterly dividend. The dividend is payable on January 10, 2025 to shareholders of record as of the close of business on December 12, 2024.

Increasing Dividend Signals Confidence

This significant increase in the quarterly dividend reflects BayCom’s confidence in its financial performance and outlook for the future. It demonstrates the Company’s commitment to creating value for its shareholders and its ability to generate strong and consistent earnings.

Strong Financial Position

BayCom’s decision to boost its dividend payout is supported by its strong financial position and robust business fundamentals. The Company’s solid balance sheet, healthy cash flow, and strategic growth initiatives have positioned it for sustainable growth and continued success.

Impact on Shareholders

Shareholders of BayCom Corp can look forward to higher returns on their investment with the increased quarterly dividend. The enhanced dividend payout reflects the Company’s dedication to rewarding its shareholders and generating long-term value for them.

How It Will Affect Me

As a shareholder of BayCom Corp, the 50% increase in the quarterly dividend will directly benefit me by providing a higher level of income from my investment in the Company. This boost in dividend payout signifies BayCom’s strong financial performance and optimistic outlook, which bodes well for the future growth and profitability of the Company.

Global Impact

BayCom Corp’s decision to increase its quarterly dividend not only benefits its shareholders but also sends a positive signal to the broader financial markets. As a publicly traded company, BayCom’s actions can influence investor sentiment and market dynamics, contributing to overall market confidence and stability.

Conclusion

Overall, BayCom Corp’s announcement of a 50% increase in its quarterly dividend is a clear indication of the Company’s strong financial health, strategic focus on shareholder value, and confidence in its future prospects. This move is likely to have a significant impact on both shareholders and the broader financial markets, underscoring BayCom’s commitment to sustainable growth and long-term success.