Heritage Commerce Corp Declares Quarterly Cash Dividend of $0.13 Per Share

Rhea-AI Summary

Heritage Commerce Corp (Nasdaq: HTBK) has announced a regular quarterly cash dividend of $0.13 per share, payable on August 20, 2020. Shareholders of record as of August 6, 2020 will receive this dividend, demonstrating the company's commitment to returning value to its investors. Heritage Commerce Corp is the parent company of Heritage Bank of Commerce, which has a strong presence in California with multiple full-service branches and is recognized as an SBA Preferred Lender.

Positive

• Quarterly cash dividend of $0.13 per share indicates strong financial health.
• Dividend payment signifies commitment to shareholder returns.

Negative

• None.

SAN JOSE, Calif., July 23, 2020 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.13 per share to holders of common stock.  The dividend will be payable on August 20, 2020, to shareholders of record at close of business day on August 6, 2020.

Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, Sunnyvale, and Walnut Creek.  Heritage Bank of Commerce is an SBA Preferred Lender.  Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States.  For more information, please visit www.heritagecommercecorp.com.

Member FDIC

For additional information, contact:
Debbie Reuter
EVP, Corporate Secretary
Direct:  (408) 494-4542
Debbie.Reuter@herbank.com 

 

FAQ

What is the dividend amount for HTBK?

Heritage Commerce Corp has declared a dividend of $0.13 per share.

When will the HTBK dividend be paid?

The dividend will be payable on August 20, 2020.

What is the record date for the HTBK dividend?

The record date for the dividend is August 6, 2020.

How often does HTBK pay dividends?

Heritage Commerce Corp pays regular quarterly cash dividends.

Is the HTBK dividend sustainable?

The sustainability of the dividend will depend on the company’s ongoing financial performance.