Banc of California, Inc. (NYSE:BANC – Get Free Report) announced a quarterly dividend on Friday, August 7th. Banc of California has raised its dividend payment by an average of 0.1%annually over the last three years. Banc of California has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Get Banc of California alerts:Banc of California Trading Down 1.5%Shares of NYSE:BANC traded down $0.28 during trading on Friday, reaching $18.72. Operating a network of branches and lending offices concentrated in both Southern and Northern California, Banc of California seeks to support local businesses and communities with personalized service and regional expertise.