TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.
TowneBank Dividend Announcement
• TowneBank announced a quarterly dividend of $0.25 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-30
• TowneBank annual dividend for 2024 was $0.75
• TowneBank annual dividend for 2023 was $0.98
• TowneBank's trailing twelve-month (TTM) dividend yield is 3.01%
• TowneBank's payout ratio for the trailing twelve months (TTM) is 49.53%
• TowneBank's dividend growth over the last five years (2018-2023) was 9.59% year
• TowneBank's dividend growth over the last ten years (2013-2023) was 9.94% year
TowneBank Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-30 | $0.25 | quarterly | 2024-10-11 |
| 2024-06-28 | $0.25 | quarterly | 2024-07-12 |
| 2024-03-27 | $0.25 | quarterly | 2024-04-12 |
| 2023-12-28 | $0.25 | quarterly | 2024-01-12 |
| 2023-09-28 | $0.25 | quarterly | 2023-10-13 |
| 2023-06-29 | $0.25 | quarterly | 2023-07-14 |
| 2023-03-29 | $0.23 | quarterly | 2023-04-12 |
| 2022-12-29 | $0.23 | quarterly | 2023-01-12 |
| 2022-09-29 | $0.23 | quarterly | 2022-10-14 |
| 2022-06-29 | $0.23 | quarterly | 2022-07-12 |
| 2022-03-29 | $0.20 | quarterly | 2022-04-08 |
| 2021-12-29 | $0.20 | quarterly | 2022-01-12 |
| 2021-09-29 | $0.20 | quarterly | 2021-10-12 |
| 2021-06-29 | $0.20 | quarterly | 2021-07-09 |
| 2021-03-29 | $0.18 | quarterly | 2021-04-09 |
| 2020-12-29 | $0.18 | quarterly | 2021-01-11 |
| 2020-09-29 | $0.18 | quarterly | 2020-10-09 |
| 2020-06-29 | $0.18 | quarterly | 2020-07-10 |
| 2020-03-27 | $0.18 | quarterly | 2020-04-10 |
| 2019-12-27 | $0.18 | quarterly | 2020-01-10 |
| 2019-09-27 | $0.18 | quarterly | 2019-10-10 |
| 2019-06-27 | $0.18 | quarterly | 2019-07-10 |
| 2019-03-28 | $0.16 | quarterly | 2019-04-10 |
| 2018-12-27 | $0.16 | quarterly | 2019-01-11 |
| 2018-09-27 | $0.16 | quarterly | 2018-10-10 |
| 2018-06-28 | $0.16 | quarterly | 2018-07-10 |
| 2018-03-28 | $0.14 | quarterly | 2018-04-10 |
| 2017-12-28 | $0.14 | quarterly | 2018-01-12 |
| 2017-09-28 | $0.14 | quarterly | 2017-10-12 |
| 2017-06-28 | $0.14 | quarterly | 2017-07-12 |
| 2017-03-28 | $0.13 | quarterly | 2017-04-12 |
| 2016-12-28 | $0.13 | quarterly | 2017-01-12 |
| 2016-09-28 | $0.13 | quarterly | 2016-10-12 |
| 2016-06-28 | $0.13 | quarterly | 2016-07-12 |
| 2016-03-28 | $0.12 | quarterly | 2016-04-12 |
| 2015-12-28 | $0.12 | quarterly | 2016-01-12 |
| 2015-09-28 | $0.12 | quarterly | 2015-10-09 |
| 2015-06-26 | $0.12 | quarterly | 2015-07-10 |
| 2015-03-26 | $0.11 | quarterly | 2015-04-10 |
| 2014-12-26 | $0.11 | quarterly | 2015-01-12 |
| 2014-09-24 | $0.11 | quarterly | 2014-10-10 |
| 2014-06-25 | $0.11 | quarterly | 2014-07-11 |
| 2014-03-26 | $0.10 | quarterly | 2014-04-11 |
| 2013-12-27 | $0.10 | quarterly | 2014-01-10 |
| 2013-09-25 | $0.10 | quarterly | 2013-10-11 |
| 2013-06-26 | $0.09 | quarterly | 2013-07-12 |
| 2013-03-26 | $0.09 | quarterly | 2013-04-12 |
TowneBank Dividend per year
TowneBank Dividend growth
TowneBank Dividend Yield
TowneBank current trailing twelve-month (TTM) dividend yield is 3.01%. Interested in purchasing TowneBank stock? Use our calculator to estimate your expected dividend yield:
TowneBank Financial Ratios
P/E ratio16.47
PEG ratio1.13
P/B ratio1.20
ROE7.44%
Payout ratio49.53%
Current ratio0.31
Quick ratio0.31
Cash Ratio0.30
TowneBank Dividend FAQ
How much is the next TowneBank dividend?
TowneBank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next TowneBank dividend. The next TowneBank dividend will be released in March, June, September, or December.
When is TowneBank dividend paid?
TowneBank pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does TowneBank pay?
The specific amount of TowneBank dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find TowneBank's dividend history.
Does TowneBank stock pay dividends?
Yes, TowneBank does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find TowneBank's dividend history.
How much dividend does TowneBank pay?
TowneBank paid $0.75 in 2024, $0.98 in 2023, $0.89 in 2022, $0.78 in 2021, and $0.72 in 2020.
How often does TowneBank pay dividends?
TowneBank typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is TowneBank's dividend yield?
The current dividend yield for TowneBank is 3.01%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate TowneBank's exact dividend yield.
When does TowneBank go ex dividend?
TowneBank's ex-dividend date for the latest dividend was on 2024-09-30. TowneBank typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next TowneBank dividend paid?
TowneBank pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will TowneBank increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether TowneBank will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is TowneBank dividend per share?
TowneBank paid $0.75 per share in 2024 and $0.98 per share in 2023. The amount of dividend per share that TowneBank pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is TowneBank a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is TowneBank a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is TowneBank a dividend stock?
Yes, TowneBank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is TowneBank a good dividend stock?
Whether TowneBank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. TowneBank has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating TowneBank 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.
Other factors to consider when evaluating TowneBank 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.
Does TowneBank pay dividends monthly?
TowneBank typically pays dividends on a quarterly basis.
Does TowneBank pay dividends quarterly?
TowneBank currently pays dividends on a quarterly basis.
Has TowneBank ever paid a dividend?
Yes, TowneBank has a history of paying dividends to its shareholders. TowneBank is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy TowneBank dividend stocks?
To buy TowneBank you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy TowneBank stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy TowneBank stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does TowneBank pay dividends 2024?
TowneBank pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-11. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will TowneBank increase its dividend in 2024?
Decisions regarding TowneBank dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date TowneBank dividend overview you can look into the above table of dividend history.
How TowneBank dividend works?
The TowneBank dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how TowneBank's dividend process works:
1. Determination of Dividend: TowneBank'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, TowneBank 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, TowneBank 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 TowneBank 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. Determination of Dividend: TowneBank'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, TowneBank 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, TowneBank 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 TowneBank 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.
How are TowneBank dividends paid?
TowneBank dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: TowneBank 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, TowneBank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: TowneBank 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.
1. Record Date: TowneBank 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, TowneBank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: TowneBank 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.
How many times does TowneBank pay dividends?
TowneBank typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does TowneBank pay dividends?
The general pattern is that TowneBank pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is TowneBank dividend safe?
The safety of TowneBank's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of TowneBank'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 TowneBank'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.
To assess the safety of TowneBank'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 TowneBank'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.