TowneBank's (NASDAQ:TOWN) Dividend Will Be $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
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Source: Yahoo! Finance
This means that the annual payment will be 2.9% of the current stock price, which is in line with the average for the industry. Check out our latest analysis for TowneBank TowneBank's Payment Expected To Have Solid Earnings Coverage We aren't too impressed by dividend yields unless they can be sustained over time. Having distributed dividends for at least 10 years, TowneBank has a long history of paying out a part of its earnings to shareholders. Taking data from its last earnings report, calculating for the company's payout ratio shows 49%, which means that TowneBank would be able to pay its last dividend without pressure on the balance sheet. Over the next year, EPS is forecast to expand by 15.9%. Assuming the dividend continues along recent trends, we think the future payout ratio could be 46% by next year, which is in a pretty sustainable range. TowneBank Has A Solid Track Record The company has a sustained record of paying dividends with very little fluctuation. Sin
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News
- TowneBank Announces Quarterly Cash DividendGlobeNewswire
- TowneBank (NASDAQ: TOWN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- TowneBank (NASDAQ: TOWN) had its price target raised by analysts at Keefe, Bruyette & Woods from $30.00 to $35.00. They now have a "market perform" rating on the stock.MarketBeat
- TowneBank (NASDAQ:TOWN) investors are up 8.1% in the past week, but earnings have declined over the last year [Yahoo! Finance]Yahoo! Finance
- TowneBank Reports Second Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance