Towne Bank (TOWN) Raises Quarterly Dividend 12.5% to $0.09; 2.5% Yield

Towne Bank (NASDAQ: TOWN) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. This is a 12.5% increase from the prior dividend of $0.08.

The dividend will be payable on December 28, 2012, to stockholders of record on December 7, 2012, with an ex-dividend date of December 5, 2012.

The annual yield on the dividend is 2.5 percent.

For a dividend history and other dividend-related data on Towne Bank (TOWN) click here.

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