TowneBank Dividend
Dividend criteria checks 4/6
TowneBank is a dividend paying company with a current yield of 2.89% that is well covered by earnings. Next payment date is on 11th October, 2024 with an ex-dividend date of 30th September, 2024.
Key information
2.9%
Dividend yield
49%
Payout ratio
| Industry average yield | 2.8% |
| Next dividend pay date | 11 Oct 24 |
| Ex dividend date | 30 Sep 24 |
| Dividend per share | US$1.000 |
| Earnings per share | US$2.04 |
| Dividend yield forecast in 3Y | 3.1% |
Recent dividend updates
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25
Aug 31
TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25
Jun 04Recent updates
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25
Aug 31TowneBank (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 21Upcoming Dividend Payment
Stability 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) | 2.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.8% |
| Analyst forecast in 3 Years (TOWN) | 3.1% |
Notable Dividend: TOWN's dividend (2.89%) is higher than the bottom 25% of dividend payers in the US market (1.41%).
High Dividend: TOWN's dividend (2.89%) is low compared to the top 25% of dividend payers in the US market (4.31%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49.5%), 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.