Bank of Commerce Holdings Announces Fourth Quarter Cash Dividend of $0.06 per Share
Rhea-AI Summary
Bank of Commerce Holdings (NASDAQ: BOCH) announced a $0.06 cash dividend per share for Q4 2020, marking a $0.01 increase from the previous quarter. This dividend is payable to shareholders of record as of December 29, 2020, with payment scheduled for January 8, 2021. The company, headquartered in Sacramento, operates Merchants Bank of Commerce and offers community banking services throughout northern California. As of now, Bank of Commerce Holdings has total assets of $1.740 billion.
Positive
- Authorized a $0.06 cash dividend per share, increasing investor income.
- Demonstrates a commitment to returning value to shareholders.
Negative
- None.
News Market Reaction – BOCH
In the trading session that priced this news, BOCH gained 0.89%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SACRAMENTO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a
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About Bank of Commerce Holdings
Bank of Commerce Holdings is a bank holding company headquartered in Sacramento, California and is the parent company for Merchants Bank of Commerce. The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California along the Interstate 5 corridor from Sacramento to Yreka and in the North Bay wine region. The Bank was incorporated as a California banking corporation on November 25, 1981 and opened for business on October 22, 1982. The Company’s common stock is listed on the NASDAQ Global Market and trades under the symbol “BOCH”.