Banc of California Sets $0.4845 Quarterly Series F Dividend

Banc of California, Inc.'s board declared a $0.4845 quarterly dividend on its Series F preferred depositary shares Nov. 6, with payment set for Dec. 1 to holders of record Nov. 19.

The cash dividend applies to each depositary share. The shares trade on the New York Stock Exchange under ticker BANC/PF, and each represents a 1/40 interest in one preferred share.

The payout matches the previous quarterly dividend, declared Aug. 7. Holders must be on the books at the close of business Nov. 19 to qualify for the Dec. 1 payment.

Series F preferred stock ranks ahead of common stock for dividends and liquidation preference. It generally carries no voting rights, and its dividend is non-cumulative.