Towne Bank (TOWN) Declares $0.12 Quarterly Dividend; 2.8% Yield

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Go back to Towne Bank (TOWN) Declares $0.12 Quarterly Dividend; 2.8% Yield

TowneBank Announces Quarterly Cash Dividend and Annual Shareholder Meeting Date

February 24, 2016 2:39 PM EST

SUFFOLK, Va., Feb. 24, 2016 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on February 24, 2016 declared its first-quarter shareholder cash dividend of  $0.12 per common share payable on April 12, 2016 to shareholders of record on March 30, 2016.

The amount and declaration of future cash dividends are subject to Board of Directors approval in addition to... More