Looking at the universe of stocks we cover at Dividend Channel, on 9/25/13, TowneBank (TOWN) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 10/11/13. As a percentage of TOWN's recent stock price of $15.02, this dividend works out to approximately 0.67%, so look for shares of TowneBank to trade 0.67% lower — all else being equal — when TOWN shares open for trading on 9/25/13.
Cash Dividend On The Way From TowneBank (TOWN)
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