Pacwest Bancorp (PACW) Declares $0.25 Quarterly Dividend; 5.3% Yield

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Go back to Pacwest Bancorp (PACW) Declares $0.25 Quarterly Dividend; 5.3% Yield

PacWest Bancorp Announces Quarterly Dividend

May 1, 2020 5:00 PM EDT

LOS ANGELES, May 01, 2020 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The cash dividend is payable on May 29, 2020 to stockholders of record at the close of business on May 20, 2020. 

Matt Wagner, President and CEO, commented, Our boards decision to reduce the dividend was based upon the careful consideration of several factors, most notably the economic effects of the COVID-19 pandemic on the US economy and our first quarter... More