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

Rhea-AI Summary

Heritage Commerce Corp (Nasdaq: HTBK) declared a quarterly cash dividend of $0.13 per share, payable on November 22, 2022, to shareholders of record by the close of business on November 8, 2022. The CEO, Clay Jones, emphasized that this dividend reflects the company's appreciation for its loyal shareholders. Established in 1997, Heritage Commerce Corp operates Heritage Bank of Commerce, with full-service branches across California, and is recognized as an SBA Preferred Lender.

Positive

• Declared a quarterly cash dividend of $0.13 per share, indicating financial stability and commitment to returning value to shareholders.
• The dividend payment date is scheduled for November 22, reflecting regular distribution to investors.

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• None.

SAN JOSE, Calif., Oct. 27, 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 November 22, 2022, to shareholders of record at the close of the business day on November 8, 2022.

“We believe regular quarterly cash dividends are an excellent means of showing our appreciation to our loyal shareholders,” stated 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, 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 amount of $0.13 per share.

When will the HTBK dividend be paid?

The dividend will be payable on November 22, 2022.

What is the record date for HTBK's dividend?

Shareholders must be on record by November 8, 2022, to receive the dividend.

Is the dividend from HTBK sustainable?

While the dividend demonstrates financial strength, sustainability will depend on future earnings and company performance.