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

Rhea-AI Summary

Heritage Commerce Corp (Nasdaq: HTBK) has declared a quarterly cash dividend of $0.13 per share, payable on May 26, 2022, to shareholders of record by May 12, 2022. Established in 1997, the company operates Heritage Bank of Commerce, providing a range of financial services through its branches in California. As an SBA Preferred Lender, it aims to support various industries with financing solutions. This dividend demonstrates the company's commitment to returning income to its shareholders and reflects its financial health.

Positive

• Quarterly cash dividend of $0.13 per share indicates financial stability and commitment to shareholders.

Negative

• None.

SAN JOSE, Calif., April 28, 2022 (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 May 26, 2022, to shareholders of record at the close of the business day on May 12, 2022.

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 declared by Heritage Commerce Corp (HTBK)?

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

When will the dividend be payable for Heritage Commerce Corp (HTBK)?

The dividend will be payable on May 26, 2022.

What is the record date for the dividend payout of Heritage Commerce Corp (HTBK)?

Shareholders of record will be recognized by May 12, 2022.

Is Heritage Commerce Corp (HTBK) a preferred lender for SBA loans?

Yes, Heritage Bank of Commerce is an SBA Preferred Lender.