BayCom Corp Adjusts Record Date for Quarterly Dividend
On March 16, 2024, BayCom Corp (NASDAQ: BCML), the parent company of United Business Bank, will adjust the record date for its recently announced $0.10 per share quarterly cash dividend on BayCom common stock.This change in the record date is necessitated by regulatory and statutory requirements of the NASDAQ Global Select Market.However, the payable date for the dividend remains unchanged and will occur on April 12, 2024.
BayCom Corp shareholders should take note of this adjustment, as it may affect their eligibility to receive the dividend.The company, in complying with the market’s regulations, has made this change to ensure smooth operations and compliance with the set guidelines.
Furthermore, it is important to mention that Baycom Corp shares have experienced a decline of -1.39% from a year ago.This has brought the share price down by -4.02% over the past 90 days.However, it is worth noting that Baycom Corp shares are currently trading on the NASDAQ at a rate of 3.8% above their 52-week average.This indicates that despite recent challenges, the company’s stock remains relatively strong in the market.
In conclusion, BayCom Corp has adjusted the record date for its quarterly dividend due to regulatory and statutory requirements.However, the payable date remains the same.Shareholders should pay attention to these changes to ensure they receive their dividend accordingly.Additionally, though Baycom Corp shares have experienced some decline, they are currently trading above their 52-week average on the NASDAQ.
Comments