Towne Bank (TOWN) Raises Quarterly Dividend 14.3% to $0.16; 2% Yield

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Go back to Towne Bank (TOWN) Raises Quarterly Dividend 14.3% to $0.16; 2% Yield

Townebank Announces Quarterly Cash Dividend

May 23, 2018 11:30 AM EDT

SUFFOLK, Va., May 23, 2018 (GLOBE NEWSWIRE) -- TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on May 22, 2018 declared its second-quarter shareholder cash dividend of $0.16 per common share payable on July 10, 2018 to shareholders of record on June 29, 2018.  The quarterly common stock cash dividend of $0.16 per common share, or $0.64 per common share on an annual basis, is a 14.3%... More