TowneBank (TOWN) has declared a dividend of $0.27 per share, payable to shareholders of record. The ex-dividend date is set for December 25, 2025, meaning investors must own shares before this date to qualify for the payment. Eligible shareholders will receive the dividend on January 6, 2026.
This quarterly dividend reflects TowneBank's commitment to providing regular income to its investors. With a current dividend yield of 3.22%, the bank continues its pattern of consistent dividend payments.
TowneBank operates in the banking industry, providing a range of retail and commercial banking services to individuals and small to medium-sized businesses. The company, headquartered in Portsmouth, Virginia, employs 2,720 full-time staff and offers services including personal and business banking, mortgage loans, resort vacation management, and insurance products.
As of November 27, 2025, TowneBank has a market capitalization of $2.7 billion and a P/E ratio of 16.08. Upcoming earnings reports are scheduled for April 21, 2026, and July 21, 2026, with EPS estimates of $0.84 and $0.93, respectively.
The announcement highlights the bank's ongoing cash flow generation and capital allocation strategy, which can be attractive to income-focused investors. While dividends are not guaranteed and can be adjusted based on business performance, TowneBank's history of regular payments suggests a stable approach to shareholder returns.