TowneBank Dividend
Dividend criteria checks 4/6
TowneBank is a dividend paying company with a current yield of 3.67% that is well covered by earnings. Next payment date is on 12th July, 2024 with an ex-dividend date of 28th June, 2024.
Key information
3.7%
Dividend yield
50%
Payout ratio
Industry average yield | 3.0% |
Next dividend pay date | 12 Jul 24 |
Ex dividend date | 28 Jun 24 |
Dividend per share | n/a |
Earnings per share | US$2.03 |
Dividend yield forecast in 3Y | 3.9% |
Recent dividend updates
Recent updates
TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25
Jun 04TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too Expensive
May 08The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Apr 26TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year
May 28TowneBank declares $0.23 dividend
Aug 24TowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98M
Jul 28TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23
Jun 21Here's Why I Think TowneBank (NASDAQ:TOWN) Might Deserve Your Attention Today
Jan 21TowneBank: Good Profitability Levels Likely To Drive Additional Upside
Aug 27TowneBank (NASDAQ:TOWN) Will Pay A Larger Dividend Than Last Year At US$0.20
Jun 06With EPS Growth And More, TowneBank (NASDAQ:TOWN) Is Interesting
Jun 04Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TOWN's dividends per share have been stable in the past 10 years.
Growing Dividend: TOWN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
TowneBank Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (TOWN) | 3.7% |
Market Bottom 25% (US) | 1.5% |
Market Top 25% (US) | 4.8% |
Industry Average (Banks) | 3.0% |
Analyst forecast in 3 Years (TOWN) | 3.9% |
Notable Dividend: TOWN's dividend (3.67%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: TOWN's dividend (3.67%) is low compared to the top 25% of dividend payers in the US market (4.76%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49.8%), TOWN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.