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TowneBank (TOWN) Dividend Yield, Date & History

$32.75
+0.12 (+0.37%)
(As of 08/21/2024 ET)

Dividend Summary

Dividend Yield
3.05%
Annual Dividend
$1.00
Dividend Increase
Track Record
12 Years
Annualized 3-Year
Dividend Growth
10.82%
Dividend Payout Ratio
49.75%
Recent
Dividend Payment
Jul. 12
Skip Charts & View Dividend History

TowneBank vs. The Competition

TypeTowneBankFinance CompaniesNASDAQ Companies
Annual Dividend$1.00$1.88$1.22
Dividend Yield3.05%1,041.59%403.08%
Annualized 3-Year Dividend Growth10.82%13.05%14.25%
Track Record12 years16 years16 years

TowneBank Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings49.75%
Based on This Year's Estimates46.51%
Based on Next Year's Estimates38.02%
Based on Cashflow35.91%

TowneBank Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/29/2024Quarterly$0.253.7%6/28/20246/28/20247/12/2024
2/28/2024Quarterly$0.253.69%3/27/20243/29/20244/12/2024
11/29/2023Quarterly$0.253.74%12/28/202312/29/20231/12/2024
8/23/2023Quarterly$0.254.26%9/28/20239/29/202310/13/2023
5/23/2023Quarterly$0.254.28%6/29/20236/30/20237/14/2023
2/22/2023Quarterly$0.233.02%3/29/20233/30/20234/12/2023
11/28/2022quarterly$0.232.9%12/29/202212/30/20221/12/2023
8/24/2022quarterly$0.233.1%9/29/20229/30/202210/14/2022
5/26/2022quarterly$0.233.2%6/29/20226/30/20227/12/2022
2/23/2022Quarterly$0.202.65%3/29/20223/30/20224/8/2022
11/26/2021quarterly$0.202.6%12/29/202112/30/20211/12/2022
8/26/2021quarterly$0.202.7%9/29/20219/30/202110/12/2021
6/2/2021Quarterly$0.202.49%6/29/20216/30/20217/9/2021
3/3/2021quarterly$0.182.4%3/29/20213/30/20214/9/2021
12/2/2020Quarterly$0.183.16%12/29/202012/30/20201/11/2021
8/26/2020Quarterly$0.183.9%9/29/20209/30/202010/9/2020
5/27/2020Quarterly$0.183.69%6/29/20206/30/20207/10/2020
2/27/2020Quarterly$0.182.92%3/27/20203/30/20204/10/2020
11/27/2019Quarterly$0.182.56%12/27/201912/30/20191/10/2020
8/30/2019--$0.182.7%9/27/20199/30/201910/10/2019
5/23/2019quarterly$0.182.8%6/27/20196/28/20197/10/2019
2/28/2019quarterly$0.162.32%3/28/20193/29/20194/10/2019
11/29/2018quarterly$0.162.28%12/27/201812/28/20181/11/2019
8/24/2018quarterly$0.161.95%9/27/20189/28/201810/10/2018
5/24/2018quarterly$0.162.02%6/28/20186/29/20187/10/2018
3/1/2018quarterly$0.141.97%3/28/20183/29/20184/10/2018
11/22/2017Quarterly$0.141.68%12/28/201712/29/20171/12/2018
8/29/2017quarterly$0.141.84%9/28/20179/29/201710/12/2017
5/25/2017quarterly$0.141.89%6/28/20176/30/20177/12/2017
2/23/2017quarterly$0.131.56%3/28/20173/30/20174/12/2017
11/25/2016Quarterly$0.1312/28/201612/30/20161/12/2017
8/25/2016Quarterly$0.139/28/20169/30/201610/12/2016
5/19/2016Quarterly$0.136/28/20166/30/20167/12/2016
2/25/2016Quarterly$0.123/28/20163/30/20164/12/2016
11/27/2015Quarterly$0.1212/28/201512/30/20151/12/2016
8/26/2015$0.129/28/20159/30/201510/9/2015
5/21/2015quarterly$0.123%6/26/20156/30/20157/10/2015
3/2/2015quarterly$0.112.83%3/26/20153/30/20154/10/2015
12/2/2014quarterly$0.112.96%12/26/201412/30/20141/12/2015
8/28/2014quarterly$0.113%9/24/20149/26/201410/10/2014
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5/21/2014quarterly$0.112.84%6/25/20146/27/20147/11/2014
2/26/2014quarterly$0.102.69%3/26/20143/28/20144/11/2014
11/27/2013quarterly$0.102.63%12/27/201312/31/20131/10/2014
8/29/2013quarterly$0.102.79%9/25/20139/27/201310/11/2013
(Data available from 1/1/2013 forward)

TowneBank Dividend - Frequently Asked Questions

What is TowneBank's dividend yield?

The current dividend yield for TowneBank is 3.05%. Learn more on TOWN's dividend yield history.

How much is TowneBank's annual dividend?

The annual dividend for TOWN shares is $1.00. Learn more on TOWN's annual dividend history.

How often does TowneBank pay dividends?

TowneBank pays quarterly dividends to shareholders.

When was TowneBank's most recent dividend payment?

TowneBank's most recent quarterly dividend payment of $0.25 per share was made to shareholders on Friday, July 12, 2024.

When was TowneBank's most recent ex-dividend date?

TowneBank's most recent ex-dividend date was Friday, June 28, 2024.

Is TowneBank's dividend growing?

Over the past three years, the company's dividend has grown by an average of 10.82% per year.

What track record does TowneBank have of raising its dividend?

TowneBank has increased its dividend for the past 12 consecutive years.

When did TowneBank last increase or decrease its dividend?

The most recent change in the company's dividend was an increase of $0.02 on Tuesday, May 23, 2023.

What is TowneBank's dividend payout ratio?
The dividend payout ratio for TOWN is:
  • 49.75% based on the trailing year of earnings
  • 46.51% based on this year's estimates
  • 38.02% based on next year's estimates
  • 35.91% based on cash flow
Is TowneBank a good dividend stock?

TowneBank's dividend yield of 3.10% is lower than the average Finance company that issues a dividend. The company's 12 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. TowneBank's dividend payout ratio of 49.75% is at a healthy, sustainable level, below 75% of its earnings.

This page (NASDAQ:TOWN) was last updated on 8/22/2024 by MarketBeat.com Staff

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