Towne Bank (TOWN) Raises Quarterly Dividend 8% to $0.27; 3.1% Yield
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TowneBank Announces Quarterly Cash Dividend
May 14, 2025 2:30 PM EDTSUFFOLK, Va., May 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.27 per common share payable on July 11, 2025, to shareholders of record on June 27, 2025. The quarterly common stock cash dividend of $0.27 per common share, or $1.08 per common share on an annual basis, is an 8% increase from the previous dividend rate.
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