At the end of today, November 21, 2023, Heritage Commerce HTBK will distribute a dividend payout of $0.13 per share, translating to an annualized dividend yield of 6.52%. Shareholders who held the stock before the ex-dividend date on November 06, 2023 will benefit from this payout.
Heritage Commerce Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-02-11 | 4 | $0.13 | 5.71% | 2021-01-28 | 2021-02-12 | 2021-02-26 |
When it comes to dividend yield, Heritage Commerce stands tall above its industry peers, boasting a remarkable annualized dividend yield of 5.95%.
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
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.48 to $0.52, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Heritage Commerce
The earnings chart displays a decline in Heritage Commerce's earnings per share, decreasing from $1.10 in 2019 to $0.98 in 2022. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
This article takes an in-depth look at Heritage Commerce's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.13 per share today, translating to an annualized dividend yield of 6.52%.
When it comes to dividend yield, Heritage Commerce stands tall above its industry peers, boasting a remarkable annualized dividend yield of 5.95%.
Considering the increase in dividend per share from 2019 to 2022 alongside a decrease in earnings per share, Heritage Commerce appears to be focusing on maintaining dividend payments even with a decline in profitability.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[See current stock movements Heritage Commerce on Benzinga.](https://www.benzinga.com/quote/Heritage Commerce (NASDAQ: HTBK))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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