Bank of Commerce Holdings Announces Third Quarter Cash Dividend of $0.05 per Share

Rhea-AI Summary

Bank of Commerce Holdings (NASDAQ: BOCH) has announced a cash dividend of $0.05 per share for the third quarter of 2020. This dividend is consistent with previous quarterly payments, reflecting the company's stability in its financial performance. Shareholders of record as of September 29, 2020 will receive the payment on October 9, 2020. With total assets of $1.712 billion, Bank of Commerce Holdings continues to strengthen its position in the community banking sector across Northern California.

Positive

• Consistent quarterly dividend of $0.05 per share reflects stability.
• Total assets of $1.712 billion showcase strong financial standing.

Negative

• None.

SACRAMENTO, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.712 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 $0.05 per share for the 2020 third quarter, which is consistent with the amount paid in prior quarters.

The $0.05 per share quarterly cash dividend will be paid to shareholders of record as of September 29, 2020 and is payable on October 9, 2020.

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 from Sacramento to Yreka along the Interstate 5 corridor. 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”.

Contact Information

Randall S. Eslick, President and Chief Executive Officer
Telephone Direct (916) 677-5800

James A. Sundquist, Executive Vice President and Chief Financial Officer 
Telephone Direct (916) 677-5825

Andrea M. Newburn, Vice President and Senior Administrative Officer / Corporate Secretary
Telephone Direct (530) 722-3959

FAQ

What is the dividend amount for BOCH in Q3 2020?

The dividend amount for BOCH in Q3 2020 is $0.05 per share.

When is the dividend for BOCH payable?

The dividend for BOCH is payable on October 9, 2020.

Who is eligible for the BOCH dividend?

Shareholders of record as of September 29, 2020, are eligible for the BOCH dividend.

Has BOCH consistently paid dividends?

Yes, BOCH has consistently paid a quarterly dividend of $0.05 per share.