Banc Of California's most recent quarterly dividend payment of $0.1 per share was made to shareholders on record before Mar 14, 2023. The payout stands at $0.28 per share annually, which works out to a dividend yield of 2.48%. The latest BANC stock dividend of $0.1 is an increase from the previous $0.06 distribution, representing a growth of 67%.
Banc Of California's dividend yield of 2.48% is below the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 3.81%, Banc Of California's dividend yield is 35% lower. Historically BANC's dividend yield has averaged at 2.1% in the last 5 years, which is lower than the current yield.
Banc Of California has been paying dividends for the last 20 years. According to our data BANC has issued four quarterly dividends in the last twelve months. The annualized DPS has an increase of 17% for the last year. And since the stock price has gone down by 41% from a year ago, the dividend yield has an increase of 98%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2023 | Apr 3, 2023 | Feb 13, 2023 | $0.1 | normal |
| Dec 14, 2022 | Jan 3, 2023 | Nov 3, 2022 | $0.06 | normal |
| Sep 14, 2022 | Oct 3, 2022 | Aug 5, 2022 | $0.06 | normal |
| Jun 14, 2022 | Jul 1, 2022 | May 13, 2022 | $0.06 | normal |
| Mar 14, 2022 | Apr 1, 2022 | Feb 9, 2022 | $0.06 | normal |
| Dec 14, 2021 | Jan 3, 2022 | Nov 4, 2021 | $0.06 | normal |
| Sep 14, 2021 | Oct 1, 2021 | Aug 10, 2021 | $0.06 | normal |
| Jun 14, 2021 | Jul 1, 2021 | May 14, 2021 | $0.06 | normal |
| Mar 12, 2021 | Apr 1, 2021 | Feb 9, 2021 | $0.06 | normal |
| Dec 14, 2020 | Jan 4, 2021 | Nov 18, 2020 | $0.06 | normal |
| Sep 14, 2020 | Oct 1, 2020 | Aug 12, 2020 | $0.06 | normal |
| Jun 12, 2020 | Jul 1, 2020 | May 15, 2020 | $0.06 | normal |
| Mar 13, 2020 | Apr 1, 2020 | Feb 10, 2020 | $0.06 | normal |
| Dec 17, 2019 | Jan 2, 2020 | Nov 15, 2019 | $0.06 | normal |
| Sep 13, 2019 | Oct 1, 2019 | Aug 15, 2019 | $0.06 | normal |
| Jun 14, 2019 | Jul 1, 2019 | May 15, 2019 | $0.06 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Feb 15, 2019 | $0.13 | normal |
| Dec 14, 2018 | Jan 2, 2019 | Nov 15, 2018 | $0.13 | normal |
| Sep 13, 2018 | Oct 1, 2018 | Aug 15, 2018 | $0.13 | normal |
| Jun 14, 2018 | Jul 2, 2018 | May 15, 2018 | $0.13 | normal |
| Mar 14, 2018 | Apr 2, 2018 | Feb 15, 2018 | $0.13 | normal |
| Dec 14, 2017 | Jan 2, 2018 | Nov 17, 2017 | $0.13 | normal |
| Sep 14, 2017 | Oct 2, 2017 | Aug 18, 2017 | $0.13 | normal |
| Jun 13, 2017 | Jul 3, 2017 | May 18, 2017 | $0.13 | normal |
| Mar 13, 2017 | Apr 3, 2017 | Feb 27, 2017 | $0.13 | normal |
| Dec 13, 2016 | Jan 3, 2017 | Dec 5, 2016 | $0.13 | normal |
| Sep 13, 2016 | Oct 3, 2016 | Aug 16, 2016 | $0.12 | normal |
| Jun 13, 2016 | Jul 1, 2016 | May 18, 2016 | $0.12 | normal |
Banc Of California's payout ratio of 18.2% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 32.1%, Banc Of California's payout ratio is 43% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TBNK Territorial Bancorp Inc | 8% | $0.92 | 59.4% |
| RVSB Riverview Bancorp Inc | 5.19% | $0.24 | 27.6% |
| PROV Provident Financial Holdings Inc | 4.67% | $0.56 | 43.4% |
| FFNW First Financial Northwest Inc | 4.66% | $0.49 | 36.6% |
| TSBK Timberland Bancorp Inc | 3.81% | $0.9 | 27.6% |
| WAFD Washington Federal Inc | 3.66% | $0.98 | 24% |
| FSBW FS Bancorp Inc | 3.12% | $0.9 | 22.7% |
| BANC Banc Of California Inc | 2.48% | $0.28 | 18.2% |
Yes, Banc Of California has been paying dividends for the last 20 years.
BANC's next dividend is scheduled on Jun 14, 2023 (ex-date).
Banc Of California's last dividend ex-date was on Mar 14, 2023. The dividend amount was $0.1 per share.
BANC's annualized dividend per share is $0.28.
Banc Of California's current dividend yield is 2.48%.
Banc Of California pays dividends quarterly.
Banc Of California's dividend payout ratio is 18.2%.
Banc Of California's dividend yield is lower than the Financial Services sector average.