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Understanding Bank of Commerce's Ex-Dividend Date

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Benzinga Insights
·2 min read
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Bank of Commerce Hldgs (NASDAQ:BOCH) declared a dividend payable on April 9, 2021 to its shareholders as of March 17, 2021. It was also announced that shareholders of Bank of Commerce Hldgs's stock as of March 30, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Bank of Commerce Hldgs is set for March 29, 2021. The company's current dividend payout sits at $0.06, equating to a dividend yield of 1.88% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Bank of Commerce Hldgs's Dividend History

Over the past year, Bank of Commerce Hldgs has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on March 30, 2020 the company's payout was $0.05, which has since grown by $0.01. Bank of Commerce Hldgs's dividend yield last year was 2.48%, which has since decreased by 0.6%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Bank of Commerce Hldgs's previous dividends.

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