Heritage Commerce Corp Declares Quarterly Dividend
Heritage Commerce Corp, the parent company for Heritage Bank of Commerce, has recently announced its regular quarterly cash dividend of $0.13 per share, demonstrating its ongoing commitment to providing returns to shareholders. This news is particularly noteworthy as the company has paid a cash dividend each quarter since 2013. The dividend will be distributed to stockholders on the specified date, rewarding those who hold common stock with this financial benefit.
Commitment to Shareholder Returns
"We are committed to providing returns to our shareholders through consistent quarterly cash dividends," stated Clay Jones, President and Chief Executive Officer. This assurance reflects the company's sustained growth and stability in the banking sector, which is crucial for both current and potential investors looking to the future.
Heritage Commerce Corp Overview
Established in 1997, Heritage Commerce Corp serves as a prominent bank holding company within the region. With its subsidiary, Heritage Bank of Commerce, founded in 1994, the company has built a solid reputation. Headquartered in California, this financial institution boasts full-service branches across numerous cities, catering to various customer needs.
Branch Network and Resources
Heritage Bank of Commerce operates branches in locations such as Fremont, Redwood City, and San Francisco, making it accessible to a wide customer base. This extensive network allows the bank to provide tailored financial solutions and fosters strong relationships within the communities it serves.
Specialized Financial Services
In addition to traditional banking, Heritage Bank of Commerce stands out as an SBA Preferred Lender. This distinction highlights the bank's capability to assist small businesses with essential financial resources. Through its subsidiary, Bay View Funding, the company offers working capital factoring financing, helping various industries across the country secure vital funding.
A Bright Future Ahead
With a focus on consistent dividends and expanding its services, Heritage Commerce Corp is well-positioned to enhance shareholder value. Those interested in this financial institution can look forward to future announcements that may further bolster their investment confidence and provide additional avenues for growth.
Contact Information
For additional inquiries regarding this announcement or for further information about Heritage Commerce Corp, interested parties can reach out to Debbie Reuter, EVP, Corporate Secretary, at (408) 494-4542. By fostering clear communication, the company aims to maintain transparency with its stakeholders.
Frequently Asked Questions
What is the amount of the dividend declared by Heritage Commerce Corp?
The company declared a quarterly cash dividend of $0.13 per share.
When will the dividend be paid?
The dividend will be payable on the specified date to shareholders of record.
How long has Heritage Commerce Corp been paying dividends?
The company has consistently paid cash dividends each quarter since 2013.
What areas does Heritage Bank of Commerce serve?
Heritage Bank of Commerce has branches in multiple cities including Fremont, San Francisco, and San Jose.
Who can I contact for more information about Heritage Commerce Corp?
Contact Debbie Reuter, EVP, Corporate Secretary, at (408) 494-4542 for inquiries.
