On May 21, BayCom Corp (NASDAQ:BCML) declared a 33% hike in its quarterly dividend to $0.20 per share.BayCom Corp (BCML) Announces a Significant 33% Dividend Hike for Shareholders

BayCom Corp (NASDAQ:BCML), operating through its fully owned subsidiary United Business Bank, provides a wide variety of loan options—including SBA, CalCAP, FSA, and USDA-backed loans—alongside deposit products and services to businesses and their affiliates across California, Nevada, Washington, New Mexico, and Colorado.

Investors were pleased by BayCom Corp (NASDAQ:BCML)'s recent dividend increase. Since initiating its dividend program in 2022, the company has consistently raised its dividends each year. The increases have been substantial, with a 100% boost in the first year and 50% in the second. This pattern highlights the company’s strong dedication to delivering value back to its shareholders.

BayCom Corp (NASDAQ:BCML) offers a dividend yield of 2.26%, and the stock will trade ex-dividend on June 12. The stock has surged by 30% in the past 12 months.

While we acknowledge the potential of BCML as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than BCML but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ MORE: 10 Unstoppable Dividend Stocks to Buy Now and 25 High Dividend Stocks Being Targeted By Short Sellers

Disclosure. None.

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