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TowneBank (TOWN) Dividend Yield, Date & History

TowneBank logo
$34.32 +0.17 (+0.50%)
(As of 12/20/2024 05:16 PM ET)

TowneBank Dividend Summary

Dividend Yield
2.91%
Annual Dividend
$1.00
Next
Dividend Payment
Jan. 14
Dividend Increase
Track Record
12 Years
Annualized 3-Year
Dividend Growth
10.82%
Dividend Payout Ratio
50.25%

TowneBank (TOWN) pays an annual dividend of $1.00 per share, with a dividend yield of 2.91%. The next quarterly payment of $0.25 per share is scheduled for Tuesday, January 14, to investors who own the stock before the ex-dividend date of Tuesday, December 31. TOWN has grown its dividend for 12 consecutive years, with an average annual increase of 3.48%. The company currently pays out 50.25% of its earnings and 37.97% of its cash flow as dividends.

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TOWN Dividend Payments by Quarter

The chart below displays up to four years of TowneBank's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TOWN Dividend Yield Over Time

The chart below tracks TowneBank's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

TowneBank vs. The Competition

Compare TowneBank's annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeTowneBankFinance CompaniesNASDAQ Companies
Annual Dividend$1.00$0.02$1.31
Dividend Yield2.91%9.85%4.22%
Annualized 3-Year Dividend Growth10.82%12.89%14.22%
Track Record12 years17 years19 years

TowneBank Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings50.25%
Based on This Year's Estimate48.31%
Based on Next Year's Estimate39.53%
Based on Cashflow37.97%

TowneBank Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/27/2024quarterly$0.25 - 2.7%12/31/202412/31/20241/14/2025
8/28/2024quarterly$0.25 - 2.9%9/30/20249/30/202410/11/2024
5/29/2024Quarterly$0.25 - 3.7%6/28/20246/28/20247/12/2024
2/28/2024Quarterly$0.25 - 3.69%3/27/20243/29/20244/12/2024
11/29/2023Quarterly$0.25 - 3.74%12/28/202312/29/20231/12/2024
8/23/2023Quarterly$0.25 - 4.26%9/28/20239/29/202310/13/2023
5/23/2023Quarterly$0.25+$0.02
8.70%
4.28%6/29/20236/30/20237/14/2023
2/22/2023Quarterly$0.23 - 3.02%3/29/20233/30/20234/12/2023

This table shows TowneBank's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

TowneBank Dividend - Frequently Asked Questions

The current dividend yield for TowneBank is 2.91%. Learn more on TOWN's dividend yield history.

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

TowneBank pays quarterly dividends to shareholders.

TowneBank's next quarterly dividend payment of $0.25 per share will be made to shareholders on Tuesday, January 14, 2025.

TowneBank's most recent quarterly dividend payment of $0.25 per share was made to shareholders on Friday, October 11, 2024.

TowneBank's next ex-dividend date is Tuesday, December 31, 2024.

TowneBank's most recent ex-dividend date was Monday, September 30, 2024.

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

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

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

The dividend payout ratio for TOWN is:
  • 50.25% based on the trailing year of earnings
  • 48.31% based on this year's estimates
  • 39.53% based on next year's estimates
  • 37.97% based on cash flow

TowneBank's dividend yield of 2.92% 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 50.25% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate TowneBank stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (NASDAQ:TOWN) was last updated on 12/21/2024 by MarketBeat.com Staff
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