Published on 4 Mar 2023 on Simply Wall St. via Yahoo Finance

BayCom (NASDAQ:BCML) Could Be A Buy For Its Upcoming Dividend

BayCom Corp (NASDAQ:BCML) is about to trade ex-dividend in the next four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase BayCom's shares before the 9th of March to receive the dividend, which will be paid on the 14th of April.

The company's next dividend payment will be US$0.10 per share. Last year, in total, the company distributed US$0.20 to shareholders. Based on the last year's worth of payments, BayCom has a trailing yield of 2.0% on the current stock price of $20.29. 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.