In a recent press release, BayCom Corp (NASDAQ: BCML) announced exciting developments for its shareholders.The parent company of United Business Bank revealed that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company’s outstanding common stock.Shareholders can expect to receive this dividend on July 11, 2024, provided they are recorded as shareholders as of June 13, 2024.
Additionally, the Board approved the Company’s ninth stock repurchase plan, further demonstrating BayCom’s commitment to enhancing shareholder value.This news comes amidst a positive trend for BayCom Corp shares, which have seen a 0.78% increase in the past three months and a 15.63% increase over the past 12 months.As of the latest trading session, BayCom Corp shares are trading on the NASDAQ at 5.3% above their 52-week average.
This announcement signals a significant development for BayCom Corp shareholders, as the Company continues to perform well in the market.With a solid track record of growth and a commitment to returning value to shareholders through dividends and stock repurchases, BayCom Corp remains a strong investment option for those looking for long-term returns.
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