By Stephen Nakrosis
BayCom, the parent company of United Business Bank, said its board approved an increase in its quarterly cash dividend to 20 cents a share from 15 cents.
The new dividend, 80 cents on an annual basis, will be payable on July 10 to shareholders of record at the close of business on June 12.
Based on Wednesday's closing share price of $26.52, BayCom's new dividend represents a yield of 3%.
BayCom last raised its dividend in November of last year, from 10 cents per share to 15 cents.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 21, 2025 17:18 ET (21:18 GMT)
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