DIVIDEND ANNOUNCEMENT: TowneBank (NASDAQ:TOWN) on 02/23/2022 declared a dividend of $0.2000 per share

TowneBank (NASDAQ:TOWN) on 02/23/2022 declared a dividend of $ 0.2000 per share payable on April 08, 2022 to shareholders of record as of March 30, 2022.

TowneBank (NASDAQ:TOWN) has paid dividends since 2003, has a current dividend yield of 2.5682184696% and has increased its dividends for 8 successive years.

TowneBank's market cap is $ 930,419,350 and has a PE ratio of 10.05. The stock price closed yesterday at $ 31.15 and has a 52 week low/high of $ 27.93 and $ 34.79.

TowneBank provides retail and commercial banking services to various markets in Virginia and North Carolina. Co. provides a range of financial services through its banking and non-banking subsidiaries. Co. has the following reportable segments: Banking, Realty, and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services and originations of a variety of mortgage loans. The Insurance segment provides individual and business members with an array of insurance products, including life, property, casualty, and health insurance.

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