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Tower Bancorp, Inc. (TOBC) Raises Quarterly Dividend 100% to $0.28; 3.6% Yield

January 24, 2012 3:11 PM EST
TOBC Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Dividend Yield: 3.9%
Tower Bancorp, Inc. (NASDAQ: TOBC) declared a quarterly dividend of $0.28 per share, or $1.12 annualized. This is a 100% increase from the prior dividend of $0.14.

The dividend will be payable on February 15, 2012, to stockholders of record on February 1, 2012, with an ex-dividend date of January 30, 2012.

The annual yield on the dividend is 3.6 percent.


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