Published on 12 Jun 2023 on Zacks via Yahoo Finance
Should You Watch Heritage Commerce (HTBK) for Solid Dividend?
With the banking industry facing turmoil due to deposit outflows and expectations of economic slowdown/recession, investors should put solid dividend-yielding stocks on the radar. Today, we are discussing one such stock, Heritage Commerce Corp HTBK.Headquartered in San Jose, CA, HTBK provides commercial and personal banking services to residents and the business/professional community in California. Over the past five years, Heritage Commerce increased the dividend twice, with an annualized dividend growth rate of 3.6%.Considering the last day’s closing price of $8.60, the company’s dividend yield currently stands at 6.05%. This is impressive compared with the industry average of 3.13% and attractive for income investors as it represents a steady income stream.
Heritage Commerce Corp Dividend Yield (TTM)
