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

Rhea-AI Summary

Heritage Commerce Corp (HTBK) has declared a quarterly cash dividend of $0.13 per share for its common stockholders. This dividend will be payable on August 25, 2022, to shareholders on record as of August 11, 2022. The company emphasizes its continued commitment to delivering shareholder returns, supported by strong earnings and a solid capital position as stated by President and CEO Walter Kaczmarek.

Positive

• Declared a regular quarterly cash dividend of $0.13 per share.
• Dividend payment reflects strong earnings and solid capital position.

Negative

• None.

SAN JOSE, Calif., July 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 August 25, 2022, to shareholders of record at the close of the business day on August 11, 2022.

“With the strength of our earnings and solid capital position, we remain committed to providing returns to our loyal shareholders,” said Walter Kaczmarek, 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 declared by 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 August 25, 2022.

What is the record date for the HTBK dividend?

The record date for the dividend is August 11, 2022.

How often does Heritage Commerce Corp pay dividends?

Heritage Commerce Corp typically pays dividends quarterly.

What factors support the dividend payment by HTBK?

The dividend payment is supported by strong earnings and a solid capital position.