PCB Bancorp Enhances Shareholder Value with Dividend and Buyback

PCB Bancorp (PCB) has provided an update.

The Company has recently announced a quarterly cash dividend of $0.18 per share, payable in August, and has extended its stock repurchase program for an additional year, allowing for the repurchase of up to 577,777 shares. These strategic financial decisions, including the flexibility to buy back shares through various means and the adoption of a Rule 10b5-1 trading plan to facilitate purchases even during restricted periods, reflect the Company’s commitment to shareholder value and prudent capital management.

Learn more about PCB stock on TipRanks’ Stock Analysis page.