NYSE:BANCBanks
Dividend Hike and Reaffirmed Payouts Might Change The Case For Investing In Banc of California (BANC)
Banc of California recently declared a quarterly cash dividend of US$0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, and affirmed a quarterly common dividend of US$0.1200 per share, both scheduled for payment in mid‑2026 to shareholders of record on the stated dates.
These actions, alongside a dividend yield above industry and S&P 500 averages and a 20% year-on-year increase in the annualized payout, underscore management’s emphasis on...