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

Is It Smart To Buy BayCom Corp (NASDAQ:BCML) Before It Goes Ex-Dividend?

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see BayCom Corp (NASDAQ:BCML) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. 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. This means that investors who purchase BayCom's shares on or after the 15th of June will not receive the dividend, which will be paid on the 14th of July.

The company's upcoming dividend is US$0.10 a share, following on from the last 12 months, when the company distributed a total of US$0.40 per share to shareholders. Last year's total dividend payments show that BayCom has a trailing yield of 2.3% on the current share price of $17.47. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for BayCom