Touchstone Bankshares, Inc. operates as the bank holding company for Touchstone Bank that provides various community banking products and services in the United States. The company offers personal and business savings and checking accounts. It also provides home mortgage, home equity, auto, and personal term loans; personal lines of credit; and business loans comprising commercial real estate, business term, operating capital, and construction loans, as well as business lines of credit. In addition, the company offers online and mobile banking, card, treasury, and financial planning services. It has 13 branches in northern North Carolina and south-central Virginia. The company was founded in 1906 and is headquartered in Prince George, Virginia.
Touchstone Bankshares Dividend Announcement
• Touchstone Bankshares announced a semi annually dividend of $0.16 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-20
• Touchstone Bankshares annual dividend for 2024 was $0.48
• Touchstone Bankshares annual dividend for 2023 was $0.32
• Touchstone Bankshares's trailing twelve-month (TTM) dividend yield is 3.37%
Touchstone Bankshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | $0.16 | semi annually | 2024-09-27 |
2024-01-04 | $0.32 | semi annually | 2024-01-19 |
2023-01-05 | $0.32 | semi annually | 2023-01-20 |
2022-01-06 | $0.30 | semi annually | 2022-01-21 |
2021-01-07 | $0.28 | semi annually | 2021-01-22 |
2020-01-02 | $0.28 | semi annually | 2020-01-17 |
2019-01-03 | $0.28 | semi annually | 2019-01-18 |
2017-12-29 | $0.28 | semi annually | 2018-01-16 |
2016-11-22 | $0.28 | semi annually | |
2015-11-24 | $0.28 | semi annually | |
2014-11-25 | $0.28 | semi annually | |
2013-11-26 | $0.28 | semi annually | |
2012-12-20 | $0.27 | semi annually |
Touchstone Bankshares Dividend per year
Touchstone Bankshares Dividend growth
Touchstone Bankshares Dividend Yield
Touchstone Bankshares current trailing twelve-month (TTM) dividend yield is 3.37%. Interested in purchasing Touchstone Bankshares stock? Use our calculator to estimate your expected dividend yield:
Touchstone Bankshares Financial Ratios
Touchstone Bankshares Dividend FAQ
Other factors to consider when evaluating Touchstone Bankshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Touchstone Bankshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Touchstone Bankshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Touchstone Bankshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Touchstone Bankshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Touchstone Bankshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Touchstone Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Touchstone Bankshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Touchstone Bankshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Touchstone Bankshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.