DIVIDEND ANNOUNCEMENT: TowneBank (NASDAQ:TOWN) on 08/24/2022 declared a dividend of $0.2300 per share

TowneBank (NASDAQ:TOWN) on 08/24/2022 declared a dividend of $ 0.2300 per share payable on October 14, 2022 to shareholders of record as of September 30, 2022.

TowneBank (NASDAQ:TOWN) has paid dividends since 2003, has a current dividend yield of 3.1281876564% and has increased its dividends for 8 successive years.

TowneBank's market cap is $ 878,447,290 and has a PE ratio of 11.10. The stock price closed yesterday at $ 29.41 and has a 52 week low/high of $ 26.18 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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