TowneBank (TOWN) Dividend Yield, Date & History

$33.63

+0.37 (+1.11%)

(As of 07/26/2024 ET)

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Dividend Yield: 2.97%
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

TOWN Dividend Payments

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TOWN Dividend Yield Over Time

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TowneBank vs. The Competition

Type	TowneBank	Finance Companies	NASDAQ Companies
Annual Dividend	$1.00	$1.79	$1.24
Dividend Yield	2.97%	1,053.23%	395.83%
Annualized 3-Year Dividend Growth	10.82%	1,294.31%	1,417.88%
Track Record	12 years	16 years	16 years

TowneBank Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	49.75%
Based on This Year's Estimates	48.54%
Based on Next Year's Estimates	38.02%
Based on Cashflow	34.17%

TowneBank Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
5/29/2024	Quarterly	$0.25	3.7%	6/28/2024	6/28/2024	7/12/2024
2/28/2024	Quarterly	$0.25	3.69%	3/27/2024	3/29/2024	4/12/2024
11/29/2023	Quarterly	$0.25	3.74%	12/28/2023	12/29/2023	1/12/2024
8/23/2023	Quarterly	$0.25	4.26%	9/28/2023	9/29/2023	10/13/2023
5/23/2023	Quarterly	$0.25	4.28%	6/29/2023	6/30/2023	7/14/2023
2/22/2023	Quarterly	$0.23	3.02%	3/29/2023	3/30/2023	4/12/2023
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11/28/2022	quarterly	$0.23	2.9%	12/29/2022	12/30/2022	1/12/2023
8/24/2022	quarterly	$0.23	3.1%	9/29/2022	9/30/2022	10/14/2022
5/26/2022	quarterly	$0.23	3.2%	6/29/2022	6/30/2022	7/12/2022
2/23/2022	Quarterly	$0.20	2.65%	3/29/2022	3/30/2022	4/8/2022
11/26/2021	quarterly	$0.20	2.6%	12/29/2021	12/30/2021	1/12/2022
8/26/2021	quarterly	$0.20	2.7%	9/29/2021	9/30/2021	10/12/2021
6/2/2021	Quarterly	$0.20	2.49%	6/29/2021	6/30/2021	7/9/2021
3/3/2021	quarterly	$0.18	2.4%	3/29/2021	3/30/2021	4/9/2021
12/2/2020	Quarterly	$0.18	3.16%	12/29/2020	12/30/2020	1/11/2021
8/26/2020	Quarterly	$0.18	3.9%	9/29/2020	9/30/2020	10/9/2020
5/27/2020	Quarterly	$0.18	3.69%	6/29/2020	6/30/2020	7/10/2020
2/27/2020	Quarterly	$0.18	2.92%	3/27/2020	3/30/2020	4/10/2020
11/27/2019	Quarterly	$0.18	2.56%	12/27/2019	12/30/2019	1/10/2020
8/30/2019	--	$0.18	2.7%	9/27/2019	9/30/2019	10/10/2019
5/23/2019	quarterly	$0.18	2.8%	6/27/2019	6/28/2019	7/10/2019
2/28/2019	quarterly	$0.16	2.32%	3/28/2019	3/29/2019	4/10/2019
11/29/2018	quarterly	$0.16	2.28%	12/27/2018	12/28/2018	1/11/2019
8/24/2018	quarterly	$0.16	1.95%	9/27/2018	9/28/2018	10/10/2018
5/24/2018	quarterly	$0.16	2.02%	6/28/2018	6/29/2018	7/10/2018
3/1/2018	quarterly	$0.14	1.97%	3/28/2018	3/29/2018	4/10/2018
11/22/2017	Quarterly	$0.14	1.68%	12/28/2017	12/29/2017	1/12/2018
8/29/2017	quarterly	$0.14	1.84%	9/28/2017	9/29/2017	10/12/2017
5/25/2017	quarterly	$0.14	1.89%	6/28/2017	6/30/2017	7/12/2017
2/23/2017	quarterly	$0.13	1.56%	3/28/2017	3/30/2017	4/12/2017
11/25/2016	Quarterly	$0.13		12/28/2016	12/30/2016	1/12/2017
8/25/2016	Quarterly	$0.13		9/28/2016	9/30/2016	10/12/2016
5/19/2016	Quarterly	$0.13		6/28/2016	6/30/2016	7/12/2016
2/25/2016	Quarterly	$0.12		3/28/2016	3/30/2016	4/12/2016
11/27/2015	Quarterly	$0.12		12/28/2015	12/30/2015	1/12/2016
8/26/2015		$0.12		9/28/2015	9/30/2015	10/9/2015
5/21/2015	quarterly	$0.12	3%	6/26/2015	6/30/2015	7/10/2015
3/2/2015	quarterly	$0.11	2.83%	3/26/2015	3/30/2015	4/10/2015
12/2/2014	quarterly	$0.11	2.96%	12/26/2014	12/30/2014	1/12/2015
8/28/2014	quarterly	$0.11	3%	9/24/2014	9/26/2014	10/10/2014
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5/21/2014	quarterly	$0.11	2.84%	6/25/2014	6/27/2014	7/11/2014
2/26/2014	quarterly	$0.10	2.69%	3/26/2014	3/28/2014	4/11/2014
11/27/2013	quarterly	$0.10	2.63%	12/27/2013	12/31/2013	1/10/2014
8/29/2013	quarterly	$0.10	2.79%	9/25/2013	9/27/2013	10/11/2013

(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 2.98%. 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

48.54% based on this year's estimates

38.02% based on next year's estimates

34.20% based on cash flow
Is TowneBank a good dividend stock?: TowneBank's dividend yield of 3.12% 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.