Towne Bank (TOWN) Raises Quarterly Dividend 8.7% to $0.25; 4.3% Yield

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Go back to Towne Bank (TOWN) Raises Quarterly Dividend 8.7% to $0.25; 4.3% Yield

TowneBank Announces Quarterly Cash Dividend

May 24, 2023 12:30 PM EDT

SUFFOLK, Va., May 24, 2023 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.25 per common share payable on July 14, 2023, to shareholders of record on June 30, 2023. The quarterly common stock cash dividend of $0.25 per common share, or $1.00 per common share on an annual basis, is an 8.7% increase from the previous dividend rate.

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