Towne Bank
TOWNTowne Bank (TOWN) is a regional bank headquartered in Virginia. It provides a range of banking services, including personal and business banking, lending, mortgage, and wealth management. Established in the late 1990s, Towne Bank focuses on community-based banking, emphasizing personalized service and local economic development. It has grown steadily through organic expansion and acquisitions within the Mid-Atlantic region.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| July 10, 2026 | $0.28 | 2026-06-26 | 2026-06-26 |
| May 20, 2026 | $0.70 | 2026-05-04 | 2026-05-04 |
| April 10, 2026 | $0.27 | 2026-03-31 | 2026-03-31 |
| January 7, 2026 | $0.27 | 2025-12-26 | 2025-12-26 |
| October 10, 2025 | $0.27 | 2025-09-29 | 2025-09-29 |
Dividends Summary
- Consistent Payer: Towne Bank has rewarded shareholders with 83 dividend payments over the past 22 years.
- Total Returned Value: Investors who held TOWN shares during this period received a total of $13.03 per share in dividend income.
- Latest Payout: The most recent dividend of $0.28/share was paid 8 days ago, on July 10, 2026.
- Yield & Schedule: TOWN currently pays dividends quarterly with an annual yield of 4.16%.
- Dividend Growth: Since 2004, the dividend payout has grown by 180.0%, from $0.10 to $0.28.
Company News
TowneBank (NASDAQ: TOWN) announced a second-quarter cash dividend of $0.28 per share, representing a 3.7% increase from the previous rate. The bank also approved a one-time $25 million donation to the TowneBank Foundation following the sale of its Resort Property Management business for $250 million in April 2026.
TowneBank announced a 3.7% increase in its quarterly dividend to $0.28 per share, raising the annual rate to $1.12. Following the sale of its Resort Property Management business for $250 million and a special dividend of $0.70 per share, the bank's board approved a $25 million donation to the TowneBank Foundation to support charitable organizatio...
TowneBank (NASDAQ:TOWN) announced a special one-time cash dividend of $0.70 per share payable May 20, 2026, totaling approximately $65 million. The dividend represents roughly 32% of the estimated $203 million pre-tax gain from the sale of its Resort Property Management business completed on April 3, 2026 for $250 million.
TowneBank (NASDAQ: TOWN) completed the sale of its Resort Property Management segment, Towne Vacations, to Belcrest Vacations Acquisitions, LLC for $250 million. The bank's leadership stated the transaction creates shareholder value and positions the business for future growth under new ownership.
TowneBank (NASDAQ: TOWN), a Hampton Roads-based bank with $19.69 billion in total assets, announced a first-quarter shareholder cash dividend of $0.27 per common share payable on April 10, 2026. The bank operates over 70 banking offices across Virginia, North Carolina, and South Carolina, offering comprehensive banking and financial services thro...
