Published on 10 Sep 2023 on Simply Wall St. via Yahoo Finance

There's A Lot To Like About BayCom's (NASDAQ:BCML) Upcoming US$0.10 Dividend

Readers hoping to buy BayCom Corp (NASDAQ:BCML) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, BayCom investors that purchase the stock on or after the 14th of September will not receive the dividend, which will be paid on the 13th of October.

The company's next dividend payment will be US$0.10 per share, and in the last 12 months, the company paid a total of US$0.40 per share. Calculating the last year's worth of payments shows that BayCom has a trailing yield of 2.1% on the current share price of $18.9. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether BayCom can afford its dividend, and if the dividend could grow.

Check out our latest analysis for BayCom