DIVIDEND ANNOUNCEMENT: TowneBank (NASDAQ:TOWN) on 12/02/2020 declared a dividend of $0.1800 per share

TowneBank (NASDAQ:TOWN) on 12/02/2020 declared a dividend of $ 0.1800 per share payable on January 11, 2021 to shareholders of record as of December 30, 2020.

TowneBank (NASDAQ:TOWN) has paid dividends since 2003, has a current dividend yield of 3.2286996841% and has increased its dividends for 6 successive years.

TowneBank's market cap is $ 666,078,700 and has a PE ratio of 12.39. The stock price closed yesterday at $ 22.30 and has a 52 week low/high of $ 15.03 and $ 29.02.

TowneBank provides retail and commercial banking services in Virginia and North Carolina. Co.'s segments include: Banking, which provides loan and deposit services, commercial mortgage brokerage services and a variety of investment and asset management services; Realty, which provides residential real estate services and originations of a variety of mortgage loans, resort property management and residential and commercial title insurance; and Insurance, which provides an array of insurance products, including life, property, casualty, travel, and vehicle insurance, as well as employee and group benefits.

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