Banc of California Announces Quarterly Dividends
05/14/2021 - 08:00 AM
Banc of California, Inc. (NYSE: BANC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on July 1, 2021 to stockholders of record as of June 15, 2021.
Banc of California maintains a Dividend Reinvestment Plan (DRIP) which allows stockholders to automatically acquire shares at a 3% discount from the applicable market price. All registered stockholders with holdings maintained at the Company's transfer agent, Computershare, are eligible to participate in the DRIP program. For more information on the Company's DRIP program, please contact Investor Relations at IR@bancofcal.com or (855) 361-2262.
The Board of Directors also declared a quarterly dividend of $0.4375 per depositary share on the Company's 7.00% Series E Non-Cumulative Perpetual Preferred Stock. The dividend will be payable on June 15, 2021 to holders of record as of May 31, 2021. The Series E depositary shares are traded on the New York Stock Exchange under the “BANC PRE” symbol.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $7.9 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). The Bank has 36 offices including 29 full-service branches located throughout Southern California. Through our dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We help to improve the communities where we live and work, by supporting organizations that provide financial literacy and job training, small business support and affordable housing. With a commitment to service and to building enduring relationships, we provide a higher standard of banking. We look forward to helping you achieve your goals. For more information, please visit us at www.bancofcal.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20210514005136/en/
BANC Rankings
#4106 Ranked by Stock Gains
BANC Stock Data
Industry
Commercial Banking
Sector
Finance and Insurance
Tags
Finance, Regional Banks, Finance and Insurance, Commercial Banking
Country
US
City
Santa Ana
About BANC
since 1941, banc of california has provided full-service banking to private businesses, entrepreneurs and homeowners throughout california. today, with over $7 billion in assets and over 100 banking and lending locations, we are large enough to meet your banking needs yet small enough to serve you well. banc of california’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success. banc of california is committed to building the top full-service bank serving california’s diverse private businesses, entrepreneurs, and homeowners with innovative banking products and exceptional service that simplifies financial lives and benefits the communities where our clients live and work. our simple and fair approach to full-service banking is designed to eliminate the complexity of everyday banking and save you time so that you can focus on what’s important to you–growing your business, looking after fa
