Business Context and Reporting Period
Company: BANC OF CALIFORNIA, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: November 17, 2017
Event: Declaration of quarterly cash dividends on common and preferred stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It solely addresses dividend declarations.
| Security Type | Dividend Amount | Annualized Yield | Record Date | Payment Date |
|---|---|---|---|---|
| Common Stock | $0.13 per share | N/A | December 15, 2017 | January 2, 2018 |
| Series C Preferred | $0.50 per share | 8.00% | December 1, 2017 | December 15, 2017 |
| Series D Preferred | $0.460938 per share | 7.375% | December 1, 2017 | December 15, 2017 |
| Series E Preferred | $0.4375 per share | 7.00% | December 1, 2017 | December 15, 2017 |
Material Changes
The filing does not provide comparative financial data or material changes versus prior periods. The only reported change is the Board's declaration of the specific dividend amounts listed above.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors declared the dividends on November 17, 2017.
Outlook/Guidance: No forward-looking guidance or outlook is provided in this filing.
Risks/Contingencies: No specific risks or contingencies are disclosed in this report.
Investor Verification Checklist
- Verify the record date of December 15, 2017, for common stock eligibility.
- Verify the record date of December 1, 2017, for Series C, D, and E preferred stock eligibility.
- Confirm the payment dates of January 2, 2018 (common) and December 15, 2017 (preferred).
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K text.