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. This dividend will be payable on November 23, 2021, to shareholders of record as of November 9, 2021. The company emphasized its commitment to shareholder returns through consistent profitability, earnings growth, and reliable dividends, as stated by President and CEO Walter Kaczmarek. Established in 1997, Heritage Commerce Corp is the parent company of Heritage Bank of Commerce, a prominent SBA Preferred Lender in California.

Positive

• Quarterly cash dividend of $0.13 per share reflects strong profit generation.
• Commitment to shareholder returns through earnings growth and reliable payouts.

Negative

• None.

SAN JOSE, Calif., Oct. 28, 2021 (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 23, 2021, to shareholders of record at close of the business day on November 9, 2021.

“We continue to generate solid profitability, and we are committed to providing returns to our shareholders through earnings growth, equity building, and reliable dividend payouts,” 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, 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?

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

When will the dividend be paid to shareholders?

The dividend will be payable on November 23, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is November 9, 2021.

How does Heritage Commerce Corp plan to return value to shareholders?

The company aims to provide returns through earnings growth and reliable dividend payouts.