Towne Bank (NASDAQ:TOWN) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.18 per share is scheduled to be paid on October 9, 2020. The dividend yield based on the latest trading day closing price was 4.52 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
wpDataTable with provided ID not found!Click Here For More Historical Dividends Of Towne Bank
Towne Bank recently reported second quarter financial results on July 23, 2020, before market open, the Portsmouth based company reported income for the second quarter of $ 0.48 per share, from the revenue of $ 162.66 million. The quarterly earnings contracted 5.17 percent while revenues compared with the same quarter last year.
Street analysts expected Towne Bank recently reported second quarter financial results on July 23, 2020, before market open, the Portsmouth based company to report income of $ 0.28 per share on revenue of $ 143.69 million for the second quarter. The bottom line results beat street analysts by $ 0.2 or 71.43 percent, at the same time, top line results outshined analysts by $ 18.97 million or 13.20 percent.
Stock Performance
Shares of Towne Bank traded up $ 0.11 or 0.70 percent on Friday, reaching $ 15.93 with volume of 136.60 thousand shares. Towne Bank has traded high as $ 15.96 and has cracked $ 15.55 on the downward trend
According to the previous trading day, closing price of $ 15.93, representing a 5.26 % increase from the 52 week low of $ 15.03 and a 45.49 % decrease over the 52 week high of $ 29.02.
The company has a market capital of $ 1.16 billion and is part of the Financial Services sector and Banks – Regional – US industry.
TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts, and negotiable order of withdrawal accounts.
