Heritage Commerce: Reliable Progress and Investor Expectations
By the close of today, February 22, 2024, Heritage Commerce (NASDAQ:HTBK) will issue a dividend payout of $0.13 per share, resulting in an annualized dividend yield of 5.38%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 07, 2024.
Heritage Commerce Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-07 | 4 | $0.13 | 5.38% | 2024-01-25 | 2024-02-08 | 2024-02-22 |
| 2023-11-06 | 4 | $0.13 | 6.52% | 2023-10-26 | 2023-11-07 | 2023-11-21 |
| 2023-08-09 | 4 | $0.13 | 5.27% | 2023-07-27 | 2023-08-10 | 2023-08-24 |
| 2023-05-10 | 4 | $0.13 | 6.9% | 2023-04-27 | 2023-05-11 | 2023-05-25 |
| 2023-02-08 | 4 | $0.13 | 4.14% | 2023-01-26 | 2023-02-09 | 2023-02-23 |
| 2022-11-07 | 4 | $0.13 | 3.96% | 2022-10-27 | 2022-11-08 | 2022-11-22 |
| 2022-08-10 | 4 | $0.13 | 4.46% | 2022-07-28 | 2022-08-11 | 2022-08-25 |
| 2022-05-11 | 4 | $0.13 | 4.57% | 2022-04-28 | 2022-05-12 | 2022-05-26 |
| 2022-02-09 | 4 | $0.13 | 4.21% | 2022-01-27 | 2022-02-10 | 2022-02-24 |
| 2021-11-08 | 4 | $0.13 | 4.52% | 2021-10-28 | 2021-11-09 | 2021-11-23 |
| 2021-08-11 | 4 | $0.13 | 4.68% | 2021-07-22 | 2021-08-12 | 2021-08-26 |
| 2021-05-12 | 4 | $0.13 | 4.36% | 2021-04-22 | 2021-05-13 | 2021-05-27 |
When comparing Heritage Commerce's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Washington Trust Bancorp (NASDAQ:WASH) having the highest annualized dividend yield at 8.45%.
Analyzing Heritage Commerce Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Throughout the period of 2020 to 2023, the company maintained a steady dividend per share of $0.52. This demonstrates the company's commitment to a stable dividend policy, which can be reassuring for investors looking for reliable income sources.
YoY Earnings Growth For Heritage Commerce
The earnings chart above shows that from 2020 to 2023, Heritage Commerce has experienced an increase in their earnings from $0.66 per share to $1.18 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article provides an in-depth analysis of Heritage Commerce's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.13 per share, resulting in an annualized dividend yield of 5.38%.
When comparing Heritage Commerce's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Washington Trust Bancorp having the highest annualized dividend yield at 8.45%.
Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Heritage Commerce indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.