Business Context and Reporting Period
This Form 8-K Current Report was filed by Banc of California, Inc. on February 15, 2018. The filing reports on corporate actions taken by the Board of Directors regarding dividend declarations for common and preferred stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to dividend distributions:
- Common Stock Dividend: $0.13 per share.
- Series C Preferred Stock Dividend: $0.50 per depositary share (8.00% annualized yield).
- Series D Preferred Stock Dividend: $0.460938 per depositary share (7.375% annualized yield).
- Series E Preferred Stock Dividend: $0.4375 per depositary share (7.00% annualized yield).
Material Changes
This report does not disclose material changes in financial performance compared to prior periods. It solely announces the declaration of quarterly dividends.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, risk factors, or discussion of contingencies. It is a routine disclosure of dividend payments.
Important Facts for Investors
- Common Stock Record Date: March 15, 2018.
- Common Stock Payment Date: April 2, 2018.
- Preferred Stock Record Date: March 1, 2018.
- Preferred Stock Payment Date: March 15, 2018.
- Liquidation Preference: $25 per depositary share for Series C, D, and E Preferred Stock.