Looking at the universe of stocks we cover at Dividend Channel, on 12/27/13, TowneBank (TOWN) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 1/10/14. As a percentage of TOWN's recent stock price of $15.26, this dividend works out to approximately 0.66%, so look for shares of TowneBank to trade 0.66% lower — all else being equal — when TOWN shares open for trading on 12/27/13.
Reminder - TowneBank (TOWN) Goes Ex-Dividend Soon
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