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

Rhea-AI Summary

Heritage Commerce Corp (Nasdaq: HTBK) has announced a regular quarterly cash dividend of $0.13 per share, payable on February 23, 2023, to shareholders of record by the close of business on February 9, 2023. Established in 1997, Heritage Commerce Corp is the holding company for Heritage Bank of Commerce, which operates full-service branches across California. The bank is recognized as an SBA Preferred Lender, with a subsidiary, Bay View Funding, providing essential financing services nationwide.

Positive

• Dividend declaration of $0.13 per share indicates financial stability.
• Regular dividend payments demonstrate company confidence and consistent performance.

Negative

• None.

SAN JOSE, Calif., Jan. 26, 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 February 23, 2023, to shareholders of record at the close of the business day on February 9, 2023.

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 Heritage Commerce Corp?

The dividend amount declared is $0.13 per share.

When will the dividend be paid to shareholders of Heritage Commerce Corp?

The dividend will be paid on February 23, 2023.

What is the record date for the dividend payment of Heritage Commerce Corp?

The record date for the dividend payment is February 9, 2023.

Is Heritage Commerce Corp a dividend-paying stock?

Yes, Heritage Commerce Corp regularly pays dividends to its shareholders.

What does it mean to be an SBA Preferred Lender?

Being an SBA Preferred Lender means Heritage Bank of Commerce can expedite the loan approval process for Small Business Administration loans.