Heritage Commerce Corp Increases Quarterly Cash Dividend 12.5% to $0.09 per Share
January 28 2016 - 08:09PM
Heritage Commerce Corp
(Nasdaq:HTBK)
, today announced that its Board of
Directors increased the quarterly cash dividend 12.5% to $0.09 per
share to holders of common stock and Series C Preferred Stock (on
an as converted basis). The dividend will be payable on
February 25, 2016, to shareholders of record on February 10, 2016.
“We are pleased that our financial results have
again allowed us to increase our quarterly cash dividend which
reflects our continuing commitment to provide an attractive return
to our shareholders,” said Walter Kaczmarek, President and Chief
Executive Officer.
Heritage Commerce Corp, a bank holding company
established in February 1998, is the parent company of Heritage
Bank of Commerce, established in 1994 and headquartered in San Jose
with full-service branches in Danville, Fremont, Gilroy, Hollister,
Los Altos, Los Gatos, Morgan Hill, Pleasanton, 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 Santa Clara 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
CONTACT:
Heritage Commerce Corp
Debbie Reuter, EVP, Corporate Secretary
(408) 494-4542
Heritage Commerce (NASDAQ:HTBK)
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