TowneBank Dividend
Dividend criteria checks 5/6
TowneBank is a dividend paying company with a current yield of 3.6% that is well covered by earnings.
Key information
3.6%
Dividend yield
48%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | US$2.08 |
| Dividend yield forecast in 3Y | 3.8% |
Recent dividend updates
Recent updates
TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year
May 28
TowneBank 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 04Have Insiders Sold TowneBank (NASDAQ:TOWN) Shares Recently?
Mar 10Stability 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) | 3.6% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast in 3 Years (TOWN) | 3.8% |
Notable Dividend: TOWN's dividend (3.6%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: TOWN's dividend (3.6%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (47.6%), TOWN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TOWN's dividends in 3 years are forecast to be well covered by earnings (42% payout ratio).