Business Context and Reporting Period
This Form 8-K Current Report was filed by Banc of California, Inc. on November 15, 2019. The filing reports on corporate actions taken by the Board of Directors regarding dividend declarations for the Company's common and preferred stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.06 per share.
- Series D Preferred Stock Dividend: $0.460938 per depositary share (representing a 7.375% annualized yield).
- Series E Preferred Stock Dividend: $0.4375 per depositary share (representing a 7.000% annualized yield).
Material Changes
The filing does not disclose material changes in financial performance, liquidity, or operations compared to prior periods. The primary event is the declaration of quarterly dividends.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies beyond the standard disclosure of the dividend payment schedule.
Important Facts for Investors to Verify
- Common Stock Record Date: December 18, 2019.
- Common Stock Payment Date: January 2, 2020.
- Preferred Stock Record Date: November 29, 2019.
- Preferred Stock Payment Date: December 16, 2019.
- Dividend Amounts: Verify the specific per-share amounts for Series D and E preferred stock against the Company's press release (Exhibit 99.1).