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.
Below is a dividend history chart for TOWN, showing historical dividends prior to the most recent $0.10 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 2.62% 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 $13.43 per share, with $17.34 as the 52 week high point — that compares with a last trade of $15.26.
In Thursday trading, TowneBank shares are currently off about 0.6% on the day.