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 February 24, 2022, to shareholders of record by February 10, 2022. This decision reflects the company’s commitment to enhancing shareholder value, as noted by CEO Walter Kaczmarek. Heritage Commerce, established in 1997, operates Heritage Bank of Commerce, which is headquartered in San Jose, CA, offering full-service banking across multiple locations in California.

Positive

• Regular quarterly cash dividend of $0.13 per share announced, enhancing shareholder value.
• Demonstrates company commitment to returning income to shareholders.

Negative

• None.

SAN JOSE, Calif., Jan. 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 February 24, 2022, to shareholders of record at close of the business day on February 10, 2022.

“We are pleased to be able to announce our regular quarterly cash dividend,” said Walter Kaczmarek, President and Chief Executive Officer. “We appreciate our loyal shareholders, and we consider our regular cash dividends an excellent means to continue to build shareholder value.”

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 payment amount for HTBK in February 2022?

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

When will the HTBK dividend be paid?

The dividend will be paid on February 24, 2022.

What is the record date for the HTBK dividend?

The record date for the dividend is February 10, 2022.

How often does HTBK pay dividends?

Heritage Commerce Corp pays quarterly dividends.

What is the significance of HTBK's dividend announcement?

The dividend announcement indicates the company's commitment to returning value to shareholders.