Looking at the universe of stocks we cover at Dividend Channel, on 6/26/13, TowneBank (TOWN) will trade ex-dividend, for its quarterly dividend of $0.09, payable on 7/12/13. As a percentage of TOWN's recent stock price of $14.19, this dividend works out to approximately 0.63%, so look for shares of TowneBank to trade 0.63% lower — all else being equal — when TOWN shares open for trading on 6/26/13.
Below is a dividend history chart for TOWN, showing historical dividends prior to the most recent $0.09 declared by TowneBank:
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 2.54% 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 $13.11 per share, with $16.16 as the 52 week high point — that compares with a last trade of $14.19.
In Monday trading, TowneBank shares are currently off about 1.7% on the day.