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

Rhea-AI Summary

Heritage Commerce Corp (HTBK) declares a regular quarterly cash dividend of $0.13 per share, payable on August 24, 2023, to shareholders of record on August 10, 2023. The company has paid a quarterly cash dividend since 2013, reflecting strong underlying earnings, capital, and liquidity. Heritage Commerce Corp is the parent company of Heritage Bank of Commerce, with full-service branches in various locations. Bay View Funding, a subsidiary, provides working capital factoring financing. For more information, visit www.heritagecommercecorp.com.

SAN JOSE, Calif., July 27, 2023 (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 24, 2023, to shareholders of record at the close of the business day on August 10, 2023. Heritage Commerce Corp has paid a quarterly cash dividend since 2013.

“With our Company’s sound underlying earnings, strong capital and substantial liquidity position, we are pleased to consistently reward our shareholders for their loyalty with our regular quarterly cash dividend,” said Clay Jones, President and Chief Executive Officer.

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, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, 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. The contents of our website are not incorporated into, and do not perform a part of, this release or of our filings with the SEC.

Member FDIC

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

FAQ

What is Heritage Commerce Corp (HTBK) announcing?

Heritage Commerce Corp (HTBK) is declaring a regular quarterly cash dividend of $0.13 per share.

When will the dividend be payable?

The dividend will be payable on August 24, 2023, to shareholders of record on August 10, 2023.

What does Heritage Commerce Corp's dividend history reflect?

The company has paid a quarterly cash dividend since 2013, indicating strong underlying earnings, capital, and liquidity.

What services does Heritage Bank of Commerce provide?

Heritage Bank of Commerce offers full-service branches in various locations and is an SBA Preferred Lender.

What does Bay View Funding, a subsidiary of Heritage Bank of Commerce, offer?

Bay View Funding provides business-essential working capital factoring financing to various industries throughout the United States.