Heritage Commerce Corp Announces Regular Cash Dividend
Heritage Commerce Corp (NASDAQ: HTBK), the parent company of Heritage Bank of Commerce, has recently made headlines by declaring a regular quarterly cash dividend of $0.13 per share for its common stockholders. This decision reflects the company's ongoing commitment to delivering consistent returns to its investors. The dividend is set to be distributed on a specified date, rewarding shareholders for their trust in the bank's operations.
Commitment to Shareholder Returns
Upon the announcement, Clay Jones, President and Chief Executive Officer, articulated the company's dedication to shareholder value, stating, "We are committed to providing returns to our shareholders through consistent quarterly cash dividends." This statement emphasizes Heritage Commerce Corp's strategic focus on sustaining financial gratification for its investors.
Company Background and Bank Operations
Founded in October 1997, Heritage Commerce Corp has established itself as a prominent bank holding company, particularly through its subsidiary, Heritage Bank of Commerce. The bank has a rich history and was founded in 1994, centering its headquarters in San Jose, California. With full-service branches spread across multiple locations, including Danville, Fremont, and San Mateo, the bank actively serves communities with a range of financial solutions.
Heritage Bank's Services
Heritage Bank of Commerce provides various banking services tailored to assist individual customers and businesses alike. As an SBA Preferred Lender, the bank plays a significant role in supporting small business financing through its various lending programs. Additionally, its subsidiary, Bay View Funding, specializes in providing essential working capital solutions to businesses throughout the United States.
Consistency in Dividend Payments
Heritage Commerce Corp has demonstrated a robust commitment to its shareholders by maintaining regular cash dividend payments since 2013. This habit of consistent distributions showcases the company’s financial stability and confidence in its revenue-generating capabilities, allowing investors to expect regularized returns as part of their investment journey.
Contact Information for Shareholders
For shareholders seeking more information regarding the announced dividend or any other inquiries, they can reach out to the company directly. Debbie Reuter, Executive Vice President and Corporate Secretary, is available for assistance. Her contact details include a direct line for inquiries, ensuring that stakeholders can easily engage with the organization for their needs.
Frequently Asked Questions
What is the declared dividend amount by Heritage Commerce Corp?
The declared dividend amount is $0.13 per share for its common stockholders.
When will the dividend be paid out?
The dividend is scheduled to be paid out on a specified date to shareholders of record.
How long has Heritage Commerce Corp been paying dividends?
Heritage Commerce Corp has been providing cash dividends consistently since 2013.
Who is the CEO of Heritage Commerce Corp?
The President and Chief Executive Officer of Heritage Commerce Corp is Clay Jones.
How can shareholders contact the company for more information?
Shareholders can contact Debbie Reuter, the EVP and Corporate Secretary, directly at (408) 494-4542 for any inquiries.
