Published on 4 Aug 2023 on Simply Wall St. via Yahoo Finance

Heritage Commerce Corp (NASDAQ:HTBK) Passed Our Checks, And It's About To Pay A US$0.13 Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Heritage Commerce Corp (NASDAQ:HTBK) is about to go ex-dividend in just 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase Heritage Commerce's shares before the 9th of August in order to be eligible for the dividend, which will be paid on the 24th of August.

The company's upcoming dividend is US$0.13 a share, following on from the last 12 months, when the company distributed a total of US$0.52 per share to shareholders. Calculating the last year's worth of payments shows that Heritage Commerce has a trailing yield of 5.3% on the current share price of $9.79. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

Check out our latest analysis for Heritage Commerce