BANC-P-F

Banc of California declared a quarterly dividend of $0.12 per share, in line with the previous payout. The dividend is payable on October 1 to shareholders of record as of September 15, with the ex-dividend date also set for September 15. The forward yield is 2.53%.

A 66-year-old with $1.3 million seeks sustainable dividend income from overlooked mid-caps. Nexstar Media Group yields 4.54% with free cash flow covering its dividend 5.3 times despite a high GAAP payout ratio, though post-TEGNA debt rose to $12.2 billion. Amdocs trades at a 10 times price-to-earnings ratio with a 4.4% yield after a 42.69% drawdown, and its free cash flow covers the dividend 2.87 times following a 14th consecutive annual raise. Banc of California raised its quarterly dividend 20% to $0.12 per share, supported by $255.6 million in recovered operating cash flow and a conservative 32% earnings payout ratio.