TowneBank Announces Quarterly Cash Dividend
TowneBank (NASDAQ: TOWN) has announced an increase in its quarterly cash dividend. The Board of Directors declared a Q2 2025 dividend of $0.27 per common share, representing an 8% increase from the previous dividend rate. This equates to $1.08 per common share annually. The dividend will be payable on July 11, 2025, to shareholders of record as of June 27, 2025. Future dividend declarations remain subject to Board approval and regulatory restrictions.
TowneBank (NASDAQ: TOWN) ha annunciato un aumento del dividendo trimestrale in contanti. Il Consiglio di Amministrazione ha dichiarato un dividendo per il secondo trimestre 2025 di 0,27 $ per azione ordinaria, con un aumento dell'8% rispetto al tasso di dividendo precedente. Questo corrisponde a 1,08 $ per azione ordinaria all'anno. Il dividendo sarà pagabile il 11 luglio 2025 agli azionisti registrati al 27 giugno 2025. Le future dichiarazioni di dividendo sono soggette all'approvazione del Consiglio e a restrizioni normative.
TowneBank (NASDAQ: TOWN) ha anunciado un aumento en su dividendo trimestral en efectivo. La Junta Directiva declaró un dividendo para el segundo trimestre de 2025 de 0,27 $ por acción común, lo que representa un aumento del 8% respecto a la tasa de dividendo anterior. Esto equivale a 1,08 $ por acción común anualmente. El dividendo se pagará el 11 de julio de 2025 a los accionistas registrados al 27 de junio de 2025. Las futuras declaraciones de dividendos están sujetas a la aprobación de la Junta y a restricciones regulatorias.
TowneBank (NASDAQ: TOWN)이 분기별 현금 배당금을 인상했다고 발표했습니다. 이사회는 2025년 2분기 배당금을 보통주 1주당 0.27달러로 선언했으며, 이는 이전 배당률보다 8% 증가한 수치입니다. 연간 기준으로는 보통주 1주당 1.08달러에 해당합니다. 배당금은 2025년 7월 11일에 지급되며, 2025년 6월 27일 기준 주주에게 지급됩니다. 향후 배당금 선언은 이사회 승인과 규제 제한에 따라 달라질 수 있습니다.
TowneBank (NASDAQ : TOWN) a annoncé une augmentation de son dividende trimestriel en espèces. Le conseil d'administration a déclaré un dividende pour le deuxième trimestre 2025 de 0,27 $ par action ordinaire, ce qui représente une augmentation de 8 % par rapport au taux de dividende précédent. Cela équivaut à 1,08 $ par action ordinaire par an. Le dividende sera payable le 11 juillet 2025 aux actionnaires inscrits au 27 juin 2025. Les futures déclarations de dividendes restent soumises à l'approbation du conseil d'administration et aux restrictions réglementaires.
TowneBank (NASDAQ: TOWN) hat eine Erhöhung seiner vierteljährlichen Bardividende bekannt gegeben. Der Vorstand hat eine Dividende für das zweite Quartal 2025 von 0,27 $ pro Stammaktie beschlossen, was einer Steigerung von 8 % gegenüber dem vorherigen Dividendenbetrag entspricht. Dies entspricht 1,08 $ pro Stammaktie jährlich. Die Dividende wird am 11. Juli 2025 an die am 27. Juni 2025 eingetragenen Aktionäre ausgezahlt. Zukünftige Dividendenbekanntgaben unterliegen weiterhin der Zustimmung des Vorstands und regulatorischen Beschränkungen.
- 8% increase in quarterly dividend to $0.27 per share
- Annual dividend rate of $1.08 per share shows strong commitment to shareholder returns
- None.
Common Stock Dividend Increased by
SUFFOLK, Va., May 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of
The amount and declaration of future cash dividends are subject to Board of Directors’ approval in addition to regulatory restrictions.
About TowneBank:
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus of serving others and enriching lives. Dedicated to a culture of caring, TowneBank values all employees and members by embracing their diverse talents, perspectives, and experiences.
Today, TowneBank operates over 55 offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. TowneBank has grown its capabilities beyond banking to provide expertise through its affiliated companies that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices RW Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. With total assets of
Media contact:
G. Robert Aston, Jr., Executive Chairman, 757-638-6780
William I. Foster III, President and Chief Executive Officer, 757-417-6482
Investor contact:
William B. Littreal, Chief Financial Officer, 757-638-6813
FAQ
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