Heritage Commerce's most recent quarterly dividend payment of $0.13 per share was made to shareholders on record before Nov 6, 2023. The payout stands at $0.52 per share annually, which works out to a dividend yield of 6.12%.
HTBK has a dividend yield of 6.12% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.51%, Heritage Commerce's dividend yield is 74% higher. Historically HTBK's dividend yield has averaged at 5.0% in the last 5 years, which is less than the current one.
Heritage Commerce has a dividend history dating as far as 2006, but lately the company has been paying dividends for the last ten consecutive years. According to our data HTBK has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. However since the stock price has gone down by 40% from a year ago, the dividend yield marks an increase of 67%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 6, 2023 | Nov 21, 2023 | Oct 26, 2023 | $0.13 | normal |
| Aug 9, 2023 | Aug 24, 2023 | Jul 27, 2023 | $0.13 | normal |
| May 10, 2023 | May 25, 2023 | Apr 27, 2023 | $0.13 | normal |
| Feb 8, 2023 | Feb 23, 2023 | Jan 26, 2023 | $0.13 | normal |
| Nov 7, 2022 | Nov 22, 2022 | Oct 27, 2022 | $0.13 | normal |
| Aug 10, 2022 | Aug 25, 2022 | Jul 28, 2022 | $0.13 | normal |
| May 11, 2022 | May 26, 2022 | $0.13 | normal | |
| Feb 9, 2022 | Feb 24, 2022 | Jan 27, 2022 | $0.13 | normal |
| Nov 8, 2021 | Nov 23, 2021 | Oct 28, 2021 | $0.13 | normal |
| Aug 11, 2021 | Aug 26, 2021 | Jul 22, 2021 | $0.13 | normal |
| May 12, 2021 | May 27, 2021 | Apr 22, 2021 | $0.13 | normal |
| Feb 11, 2021 | Feb 26, 2021 | Jan 28, 2021 | $0.13 | normal |
| Nov 5, 2020 | Nov 20, 2020 | Oct 22, 2020 | $0.13 | normal |
| Aug 5, 2020 | Aug 20, 2020 | Jul 23, 2020 | $0.13 | normal |
| May 6, 2020 | May 21, 2020 | Apr 23, 2020 | $0.13 | normal |
| Feb 4, 2020 | Feb 19, 2020 | Jan 23, 2020 | $0.13 | normal |
| Nov 4, 2019 | Nov 19, 2019 | Oct 24, 2019 | $0.12 | normal |
| Aug 7, 2019 | Aug 22, 2019 | Jul 25, 2019 | $0.12 | normal |
| May 8, 2019 | May 23, 2019 | Apr 25, 2019 | $0.12 | normal |
| Feb 6, 2019 | Feb 21, 2019 | Jan 24, 2019 | $0.12 | normal |
| Nov 5, 2018 | Nov 20, 2018 | Oct 25, 2018 | $0.11 | normal |
| Aug 9, 2018 | Aug 24, 2018 | Jul 26, 2018 | $0.11 | normal |
| May 9, 2018 | May 24, 2018 | Apr 26, 2018 | $0.11 | normal |
| Feb 7, 2018 | Feb 22, 2018 | Jan 25, 2018 | $0.11 | normal |
| Nov 6, 2017 | Nov 21, 2017 | Oct 26, 2017 | $0.1 | normal |
| Aug 8, 2017 | Aug 24, 2017 | Jul 27, 2017 | $0.1 | normal |
| May 9, 2017 | May 25, 2017 | Apr 27, 2017 | $0.1 | normal |
| Feb 8, 2017 | Feb 24, 2017 | Jan 26, 2017 | $0.1 | normal |
| Nov 4, 2016 | Nov 22, 2016 | Oct 27, 2016 | $0.09 | normal |
| Aug 5, 2016 | Aug 24, 2016 | Jul 28, 2016 | $0.09 | normal |
HTBK has a payout ratio of 44.1% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 36.5%, Heritage Commerce's payout ratio is 21% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HTBK Heritage Commerce Corp | 5.74% | $0.52 | 44.1% |
| PPBI Pacific Premier Bancorp Inc | 5.42% | $1.32 | 52.6% |
| BMRC Bank of Marin Bancorp | 4.91% | $1 | 49.8% |
| BSRR Sierra Bancorp | 4.73% | $0.92 | 38.2% |
| CVBF Cvb Financial Corp | 4.21% | $0.8 | 46.8% |
| CATY Cathay General Bancorp | 3.54% | $1.36 | 26.8% |
| TCBK Trico Bancshares | 3.25% | $1.2 | 31.3% |
Yes, Heritage Commerce has paid four dividends in the last 12 months. HTBK has been paying dividends since 2013.
Currently HTBK's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in February 2024.
Heritage Commerce's last dividend ex-date was on Nov 6, 2023. The dividend amount was $0.13 per share.
On an annual basis HTBK pays $0.52 per share.
Currently Heritage Commerce's dividend yield is 6.12%.
Heritage Commerce pays dividends quarterly.
The dividend payout ratio of Heritage Commerce is 44.1%.
Heritage Commerce's dividend yield is more than the Financial Services sector average.