Looking at the universe of stocks we cover at Dividend Channel, on 3/29/23, TowneBank (Symbol: TOWN) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 4/12/23. As a percentage of TOWN's recent stock price of $27.50, this dividend works out to approximately 0.84%, so look for shares of TowneBank to trade 0.84% lower — all else being equal — when TOWN shares open for trading on 3/29/23.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TOWN is likely to continue, and whether the current estimated yield of 3.35% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TOWN shares, versus its 200 day moving average:
Looking at the chart above, TOWN's low point in its 52 week range is $26.01 per share, with $33.425 as the 52 week high point — that compares with a last trade of $27.50.
In Monday trading, TowneBank shares are currently up about 0.3% on the day.
Also see:
Blue Chip Dividend Stocks Hedge Funds Are Selling SWIR market cap history
OGES Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
