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TowneBank Announces Quarterly Cash Dividend

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TowneBank (NASDAQ: TOWN) has declared a fourth-quarter cash dividend of $0.25 per common share. The dividend will be payable on January 14, 2025, to shareholders of record on December 31, 2024. The Hampton Roads based bank's future dividend payments remain subject to Board approval and regulatory restrictions.

TowneBank (NASDAQ: TOWN) ha dichiarato un dividendo in contante per il quarto trimestre di $0,25 per azione ordinaria. Il dividendo sarà pagabile il 14 gennaio 2025 agli azionisti registrati il 31 dicembre 2024. I futuri pagamenti dei dividendi della banca con sede a Hampton Roads rimangono soggetti all'approvazione del Consiglio e a restrizioni normative.

TowneBank (NASDAQ: TOWN) ha declarado un dividendo en efectivo del cuarto trimestre de $0,25 por acción ordinaria. El dividendo se pagará el 14 de enero de 2025 a los accionistas registrados el 31 de diciembre de 2024. Los futuros pagos de dividendos del banco con sede en Hampton Roads están sujetos a la aprobación de la Junta y a restricciones regulatorias.

TowneBank (NASDAQ: TOWN)는 4분기 현금 배당금으로 $0.25 보통주당 배당을 선언했습니다. 배당금은 2025년 1월 14일에 지급되며, 2024년 12월 31일 기준 주주에게 지급됩니다. 햄튼 로드스에 본사를 둔 은행의 향후 배당금 지급은 이사회 승인 및 규제 제한을 받을 수 있습니다.

TowneBank (NASDAQ: TOWN) a déclaré un dividende en espèces pour le quatrième trimestre de $0,25 par action ordinaire. Le dividende sera payable le 14 janvier 2025 aux actionnaires enregistrés au 31 décembre 2024. Les paiements de dividendes futurs de la banque basée à Hampton Roads restent soumis à l'approbation du conseil et aux restrictions réglementaires.

TowneBank (NASDAQ: TOWN) hat eine vierteljährliche Barausschüttung von $0,25 pro Stammaktie erklärt. Die Ausschüttung wird am 14. Januar 2025 an die Aktionäre gezahlt, die am 31. Dezember 2024 im Aktienregister stehen. Zukünftige Ausschüttungen der Bank mit Sitz in Hampton Roads unterliegen der Genehmigung des Vorstandes und regulatorischen Auflagen.

Positive
  • Maintained quarterly dividend of $0.25 per share, demonstrating financial stability
  • Consistent shareholder returns through dividend payments
Negative
  • None.

SUFFOLK, Va., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 14, 2025, to shareholders of record on December 31, 2024.

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.

Now celebrating 25 years, TowneBank operates over 50 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 $17.19 billion as of September 30, 2024, TowneBank is one of the largest banks headquartered in Virginia.

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

What is TowneBank's Q4 2024 dividend amount per share?

TowneBank's fourth-quarter dividend for 2024 is $0.25 per common share.

When is TowneBank (TOWN) Q4 2024 dividend payable?

The dividend is payable on January 14, 2025, to shareholders of record as of December 31, 2024.

What is the record date for TowneBank's Q4 2024 dividend?

The record date for TowneBank's fourth-quarter dividend is December 31, 2024.

Does TowneBank (TOWN) pay regular quarterly dividends?

Yes, TowneBank pays quarterly dividends, subject to Board of Directors' approval and regulatory restrictions.

Towne Bank

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Banks - Regional
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United States of America
Portsmouth