Bank of Commerce Holdings Announces Second Quarter Cash Dividend of $0.06 per Share

Rhea-AI Summary

Bank of Commerce Holdings (NASDAQ: BOCH) has declared a cash dividend of $0.06 per share for the second quarter of 2021. This dividend will be paid to shareholders of record as of June 29, 2021, with a payment date of July 9, 2021. The company, which operates as the parent of Merchants Bank of Commerce, holds assets totaling $1.829 billion and provides financial services in northern California.

Positive

• Declaration of a quarterly cash dividend of $0.06 per share.
• Positive financial outlook with total assets of $1.829 billion.

Negative

• None.

News Market Reaction – BOCH

-3.58%

-3.58% Session move

In the trading session that priced this news, BOCH declined 3.58%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SACRAMENTO, Calif., June 16, 2021 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.829 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced that the Board of Directors has authorized a cash dividend of $0.06 per share for the 2021 second quarter.

The $0.06 per share quarterly cash dividend will be paid to shareholders of record as of June 29, 2021 and is payable on July 9, 2021.

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 wine region north of San Francisco. 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”.

FAQ

What is the dividend amount for BOCH for the second quarter of 2021?

The dividend amount for Bank of Commerce Holdings (BOCH) is $0.06 per share.

When will the dividend be paid to shareholders of BOCH?

The dividend will be paid on July 9, 2021, to shareholders of record as of June 29, 2021.

Is the dividend from BOCH sustainable?

The press release does not provide specific information about the sustainability of the dividend.