Bank of Commerce Holdings Announces First Quarter Cash Dividend of $0.06 per Share

Rhea-AI Summary

Bank of Commerce Holdings (NASDAQ: BOCH) has declared a cash dividend of $0.06 per share for the first quarter of 2021. This dividend will benefit shareholders of record as of March 30, 2021, with payment scheduled for April 9, 2021. The company, headquartered in Sacramento, California, operates as a bank holding company with assets totaling $1.764 billion. Merchants Bank of Commerce, its subsidiary, provides community banking services across northern California.

Positive

• Quarterly cash dividend of $0.06 per share signals company confidence and commitment to shareholders.

Negative

• None.

SACRAMENTO, Calif., March 17, 2021 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.764 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced that the Board of Directors has authorized a cash dividend of $0.06 per share for the 2021 first quarter.

The $0.06 per share quarterly cash dividend will be paid to shareholders of record as of March 30, 2021 and is payable on April 9, 2021.

About Bank of Commerce Holdings

Bank of Commerce Holdings is a bank holding company headquartered in Sacramento, California and is the parent company for Merchants Bank of Commerce. The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California along the Interstate 5 corridor from Sacramento to Yreka and in the wine region north of San Francisco. The Bank was incorporated as a California banking corporation on November 25, 1981 and opened for business on October 22, 1982. The Company’s common stock is listed on the NASDAQ Global Market and trades under the symbol “BOCH”.

FAQ

What is the dividend amount declared by BOCH for Q1 2021?

Bank of Commerce Holdings has declared a dividend of $0.06 per share for Q1 2021.

When will the dividend be paid to shareholders of BOCH?

The dividend will be paid on April 9, 2021.

Who qualifies for the BOCH dividend?

Shareholders of record as of March 30, 2021, will qualify for the dividend.