STOCK DIVIDEND AND STOCK SPLIT
The most common method for companies to distribute wealth among shareholders is to pay dividends in the form of cash or stock. When a company has a low level of liquid cash on hand, stock dividends are typically issued in lieu of cash dividends. It is the board of directors that decides whether a dividend should be declared and in what form it should be distributed. Dividend yield is also a financial ratio that shows how much a company pays out in dividends on its shares each year, which is something investors look for in a stock.
Dividend Rate
Trailing Annual Dividend Rate
$1.00
Forward Annual Dividend Rate
$1.00
Yield
Trailing Annual Dividend Yield
3.06%
Forward Annual Dividend Yield
2.93%
Dividend Date
Dividend Date
Oct 10, 2025
Ex-dividend Date
Sep 29, 2025
3.15 %
34.30
Dividend History
| Announced | Amount | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| Aug 27, 2025 | 0.27 | Sep 29, 2025 | Sep 29, 2025 | Oct 10, 2025 |
| May 13, 2025 | 0.27 | Jun 27, 2025 | Jun 27, 2025 | Jul 11, 2025 |
| Feb 26, 2025 | 0.25 | Mar 31, 2025 | Mar 31, 2025 | Apr 11, 2025 |
| Nov 27, 2024 | 0.25 | Dec 31, 2024 | Dec 31, 2024 | Jan 14, 2025 |
| Aug 28, 2024 | 0.25 | Sep 30, 2024 | Sep 30, 2024 | Oct 11, 2024 |
| May 29, 2024 | 0.25 | Jun 28, 2024 | Jun 28, 2024 | Jul 12, 2024 |
| Feb 28, 2024 | 0.25 | Mar 27, 2024 | Mar 29, 2024 | Apr 12, 2024 |
| Nov 29, 2023 | 0.25 | Dec 28, 2023 | Dec 29, 2023 | Jan 12, 2024 |
| Aug 23, 2023 | 0.25 | Sep 28, 2023 | Sep 29, 2023 | Oct 13, 2023 |
| May 24, 2023 | 0.25 | Jun 29, 2023 | Jun 30, 2023 | Jul 14, 2023 |
| Feb 22, 2023 | 0.23 | Mar 29, 2023 | Mar 30, 2023 | Apr 12, 2023 |
| Nov 28, 2022 | 0.23 | Dec 29, 2022 | Dec 30, 2022 | Jan 12, 2023 |
| Aug 24, 2022 | 0.23 | Sep 29, 2022 | Sep 30, 2022 | Oct 14, 2022 |
| May 25, 2022 | 0.23 | Jun 29, 2022 | Jun 30, 2022 | Jul 12, 2022 |
Stock Split History
| Date | Ratio | Change Before Split | Change After Split |
|---|---|---|---|
| May 23, 2012 | 103:100 | -0.57% | +1.03% |
| Aug 24, 2005 | 103:100 | 0 | 0 |
| Jun 18, 2004 | 3:2 | 0 | +2.04% |
| Feb 26, 2002 | 2:1 | 0 | -0.91% |
Frequently Asked Questions
Is TowneBank (TOWN) a dividend paying company?
In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. TowneBank is also among the companies that regularly pay dividends.
What is TOWN's dividend yield?
Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. TOWN's annual dividend yield for the trailing 12 months is 3.06.
When did TOWN last pay a dividend?
TOWN last paid dividends on 2025-10-10, with the ex-dividend date being 2025-09-29.
When was the last time TOWN stock split?
TOWN stock split took place on 23-05-2012.
How did TOWN's stock split work?
Its last split took place on May 23, 2012, when TowneBank went through a 103:100 split leaving the shareholder with 103 share(s) who previously owned 100 TOWN share(s).