Banc of California (BANC) Declares $0.13 Quarterly Dividend; 2.8% Yield

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Go back to Banc of California (BANC) Declares $0.13 Quarterly Dividend; 2.8% Yield

Banc of California Announces Quarterly Dividends

May 15, 2018 4:05 PM EDT

SANTA ANA, Calif., May 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock.  The dividend will be payable on July 2, 2018 to stockholders of record as of June 15, 2018.  Based on the trading price of $18.70 as of close of market on May 14, 2018, the cash dividend results in an annualized dividend yield of 2.78%.

Banc of California maintains a Dividend Reinvestment Plan (DRIP) which allows stockholders to automatically acquire shares at a 3% discount from the applicable... More