Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
Heritage Commerce Corp (Nasdaq: HTBK) declared a quarterly cash dividend of $0.13 per share, payable on November 22, 2022, to shareholders of record by the close of business on November 8, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Heritage Commerce Corp (Nasdaq: HTBK) declared a quarterly cash dividend of $0.13 per share, payable on November 22, 2022, to shareholders of record by the close of business on November 8, 2022. The CEO, Clay Jones, emphasized that this dividend reflects the company's appreciation for its loyal shareholders. Established in 1997, Heritage Commerce Corp operates Heritage Bank of Commerce, with full-service branches across California, and is recognized as an SBA Preferred Lender.
Positive
- Declared a quarterly cash dividend of $0.13 per share, indicating financial stability and commitment to returning value to shareholders.
- The dividend payment date is scheduled for November 22, reflecting regular distribution to investors.
Negative
- None.
Details
News Market Reaction – HTBK
The recorded move for HTBK in the trading session of this news was +7.39%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN JOSE, Calif., Oct. 27, 2022 (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
“We believe regular quarterly cash dividends are an excellent means of showing our appreciation to our loyal shareholders,” stated Clay Jones, 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, 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
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