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

Rhea-AI Summary

Bank of Commerce Holdings (NASDAQ: BOCH) announced a $0.06 cash dividend per share for Q4 2020, marking a $0.01 increase from the previous quarter. This dividend is payable to shareholders of record as of December 29, 2020, with payment scheduled for January 8, 2021. The company, headquartered in Sacramento, operates Merchants Bank of Commerce and offers community banking services throughout northern California. As of now, Bank of Commerce Holdings has total assets of $1.740 billion.

Positive

• Authorized a $0.06 cash dividend per share, increasing investor income.
• Demonstrates a commitment to returning value to shareholders.

Negative

• None.

SACRAMENTO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.740 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 2020 fourth quarter, a $0.01 increase over the prior quarter.

The $0.06 per share quarterly cash dividend will be paid to shareholders of record as of December 29, 2020 and is payable on January 8, 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 North Bay wine region. 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 Q4 2020?

The dividend amount is $0.06 per share.

When will the BOCH dividend be paid?

The dividend will be paid on January 8, 2021.

What is the record date for the BOCH dividend?

The record date is December 29, 2020.