Towne Bank (TOWN) Declares $0.13 Quarterly Dividend; 2.5% Yield

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TowneBank Announces Quarterly Cash Dividend

May 18, 2016 11:00 AM EDT

SUFFOLK, Va., May 18, 2016 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on May 18, 2016 declared its second-quarter shareholder cash dividend of $0.13 per common share payable on July 12, 2016 to shareholders of record on June 30, 2016. The quarterly common stock cash dividend of $0.13 per common share, or $0.52 per common share... More