Heritage Commerce Corp Raises Quarterly Cash Dividend 60% to $0.08 Per Share
January 26 2015 - 3:30PM
Heritage Commerce Corp
(Nasdaq:HTBK)
, today announced that its Board of
Directors increased the quarterly cash dividend 60% to $0.08 per
share, from $0.05 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, 2015, to shareholders of record on February
10, 2015.
"As a result of our strong performance over the last year, we
are pleased to increase our quarterly dividend 60% to $0.08 per
share. Cash dividends are one way to create shareholder value,
and we appreciate the loyalty of our shareholder base," said Walter
Kaczmarek, President and Chief Executive Officer. "With
momentum from 2014 and the fourth quarter addition of Bay View
Funding to our team, we are excited and optimistic about
2015."
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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