TowneBank (NASDAQ:TOWN) Will Pay A Dividend Of $0.25 [Yahoo! Finance]
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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US:NASDAQ Investor Relations:
investor.townebank.com
Company Research
Source: Yahoo! Finance
See our latest analysis for TowneBank Unless the payments are sustainable, the dividend yield doesn't mean too much. Having distributed dividends for at least 10 years, TowneBank has a long history of paying out a part of its earnings to shareholders. Based on TowneBank's last earnings report, the payout ratio is at a decent 50%, meaning that the company is able to pay out its dividend with a bit of room to spare. The next 3 years are set to see EPS grow by 81.1%. The future payout ratio could be 35% over that time period, according to analyst estimates, which is a good look for the future of the dividend. Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2014, the dividend has gone from $0.40 total annually to $1.00. This implies that the company grew its distributions at a yearly rate of about 9.6% over that duration. The dividend has been growing very nicely for a number of years, and has given its shareholders som
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News
- TowneBank Announces Quarterly Cash DividendGlobeNewswire
- TowneBank (NASDAQ:TOWN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
- TowneBank Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- TowneBank Non-GAAP EPS of $0.58 beats by $0.02, revenue of $174.52M misses by $5.84M [Seeking Alpha]Seeking Alpha
- TowneBank Reports Third Quarter 2024 EarningsGlobeNewswire
TOWN
Earnings
- 10/23/24 - In-Line
TOWN
Analyst Actions
- 10/2/24 - Keefe, Bruyette & Woods