Towne Bank (TOWN) Raises Quarterly Dividend 15% to $0.23; 3.2% Yield

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Go back to Towne Bank (TOWN) Raises Quarterly Dividend 15% to $0.23; 3.2% Yield

TowneBank Announces Quarterly Cash Dividend

May 25, 2022 2:15 PM EDT

SUFFOLK, Va., May 25, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on May 24, 2022 declared its second-quarter shareholder cash dividend of $0.23 per common share payable on July 12, 2022 to shareholders of record on June 30, 2022. The quarterly common stock cash dividend of $0.23 per common share, or $0.92 per common share on an annual basis, is a 15.0% increase from the previous dividend rate.

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