Towne Bank (TOWN) Declares $0.28 Quarterly Dividend; 3.2% Yield
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TowneBank Announces Quarterly Cash Dividend
May 20, 2026 2:00 PM EDTSUFFOLK, Va., May 20, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.28 per common share payable on July 10, 2026, to shareholders of record on June 26, 2026. The quarterly common stock cash dividend of $0.28 per common share, or $1.12 per common share on an annual basis, is a 3.7% increase from the previous dividend rate.
The amount and declaration of future cash dividends are subject to Board of Directors approval in addition to regulatory restrictions.
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