Towne Bank (TOWN) Declares $0.14 Quarterly Dividend; 2% Yield

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TowneBank Announces Quarterly Cash Dividend and Annual Shareholder Meeting Date

February 28, 2018 5:00 PM EST

SUFFOLK, Va., Feb. 28, 2018 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on February 28, 2018 declared its first-quarter shareholder cash dividend of $0.14 per common share payable on April 10, 2018 to shareholders of record on March 29, 2018.

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

Annual Meeting of... More