Published on 3 May 2024 on Simply Wall St. via Yahoo Finance

Four Days Left To Buy Heritage Commerce Corp (NASDAQ:HTBK) Before The Ex-Dividend Date

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. Accordingly, Heritage Commerce investors that purchase the stock on or after the 8th of May will not receive the dividend, which will be paid on the 23rd of May.

The company's next dividend payment will be US$0.13 per share, and in the last 12 months, the company paid a total of US$0.52 per share. Calculating the last year's worth of payments shows that Heritage Commerce has a trailing yield of 6.3% on the current share price of US$8.21. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.