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

Rhea-AI Summary

Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce, has declared a regular quarterly cash dividend of $0.13 per share to its common stock holders. The dividend is payable on August 22, 2024, to shareholders of record as of August 8, 2024. This continues the company's streak of paying quarterly cash dividends since 2013.

President and CEO Clay Jones attributed the dividend to another profitable quarter and expressed gratitude to shareholders. Heritage Commerce Corp, established in 1997, operates through its subsidiary Heritage Bank of Commerce, founded in 1994. The bank has full-service branches across various California locations and is an SBA Preferred Lender.

Positive

• Declared regular quarterly cash dividend of $0.13 per share
• Consistent dividend payments since 2013
• Another profitable quarter reported

Negative

• None.

News Market Reaction

-0.47%

1 alert

-0.47% News Effect

On the day this news was published, HTBK declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on August 22, 2024, to shareholders of record at the close of the business day on August 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013.

“The Board of Directors of Heritage Commerce Corp announced a $0.13 per share quarterly cash dividend to holders of its common stock, as a result of another profitable quarter,” said Mr. Clay Jones, President and Chief Executive Officer. “We thank our loyal shareholders for their support and look forward to a successful second half of the year.”

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, 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. The contents of our website are not incorporated into, and do not perform a part of, this release or of our filings with the Securities and Exchange Commission.

Member FDIC

For additional information, contact:
Debbie Reuter
EVP, Corporate Secretary
Direct: (408) 494-4542
Debbie.Reuter@herbank.com

FAQ

What is the amount of Heritage Commerce Corp's (HTBK) latest quarterly dividend?

Heritage Commerce Corp (HTBK) has declared a regular quarterly cash dividend of $0.13 per share.

When will Heritage Commerce Corp (HTBK) pay its latest dividend?

The dividend will be payable on August 22, 2024, to shareholders of record at the close of the business day on August 8, 2024.

How long has Heritage Commerce Corp (HTBK) been paying quarterly dividends?

Heritage Commerce Corp (HTBK) has been paying a cash dividend each quarter since 2013.

What did Heritage Commerce Corp's (HTBK) CEO say about the latest dividend?

CEO Clay Jones stated that the dividend was declared as a result of another profitable quarter and thanked shareholders for their support.