BayCom's (NASDAQ:BCML) Dividend Will Be Increased To $0.30

BayCom Corp's (NASDAQ:BCML) dividend will be increasing from last year's payment of the same period to $0.30 on 9th of January. This takes the annual payment to 3.5% of the current stock price, which is about average for the industry.We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. BayCom's Dividend Forecasted To Be Well Covered By Earnings Unless the payments are sustainable, the dividend yield doesn't mean too much. Having paid out dividends for only 4 years, BayCom does not have much of a history being a dividend paying company. Taking data from BayCom's last earnings report, the payout ratio is at a decent 36%, meaning that the company is able to pay out its dividend with some room to spare. The next 3 years are set to see EPS grow by 45.5%. Analysts estimate the future payout ratio will be 36% over the same time period, which is in the range that makes us comfortable with the sustainability of the dividend. NasdaqGS:BCML Historic Dividend November 25th 2025 See our latest analysis for BayCom BayCom Doesn't Have A Long Payment History The dividend has been pretty stable looking back, but the company hasn't been paying one for very long. This makes it tough to judge how it would fare through a full economic cycle. The dividend has gone from an annual total of $0.20 in 2021 to the most recent total annual payment of $1.00. This works out to be a compound annual growth rate (CAGR) of approximately 50% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. The Dividend Looks Likely To Grow The company's investors will be pleased to have been receiving dividend income for some time. It's encouraging to see that BayCom has been growing its earnings per share at 14% a year over the past five years. Growth in EPS bodes well for the dividend, as does the low payout ratio that the company is currently reporting. BayCom Looks Like A Great Dividend Stock Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All in all, this checks a lot of the boxes we look for when choosing an income stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Earnings growth generally bodes well for the future value of company dividend payments. See if the 3 BayCom analysts we track are forecasting continued growth with our free report on analyst estimates for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.