Reminder - TowneBank (TOWN) Goes Ex-Dividend Soon

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.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for TOWN, showing historical dividends prior to the most recent $0.10 declared by TowneBank:

TOWN+Dividend+History+Chart

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:

TowneBank 200 Day Moving Average Chart

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.

More from Stocks

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat