Heritage Commerce: Dividend Insights
Portfolio Pulse from Benzinga Insights
Heritage Commerce (NASDAQ:HTBK) has announced a quarterly dividend of 13 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 13 cents lower. Shareholders who own HTBK as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 24, 2023.
August 04, 2023 | 3:41 pm
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Heritage Commerce's announcement of a 13 cents per share dividend will likely cause the stock to open lower on the ex-dividend date. The dividend will be paid out on August 24, 2023.
The announcement of a dividend often leads to a decrease in the stock's price on the ex-dividend date, as the stock will trade lower to reflect the payout. This is likely to happen with HTBK. However, the dividend payment can also be seen as a positive sign of the company's profitability and commitment to returning capital to shareholders.
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