Cash Dividend On The Way From Tower Financial (TOFC)

Looking at the universe of stocks we cover at Dividend Channel, on 2/13/14, Tower Financial Corp. (TOFC) will trade ex-dividend, for its quarterly dividend of $0.08, payable on 3/4/14. As a percentage of TOFC's recent stock price of $22.76, this dividend works out to approximately 0.35%.

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Below is a dividend history chart for TOFC, showing historical dividends prior to the most recent $0.08 declared by Tower Financial Corp.:

TOFC+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 TOFC is likely to continue, and whether the current estimated yield of 1.41% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of TOFC shares, versus its 200 day moving average:

Tower Financial Corp. 200 Day Moving Average Chart

Looking at the chart above, TOFC's low point in its 52 week range is $12.05 per share, with $26.00 as the 52 week high point — that compares with a last trade of $22.76.

In Tuesday trading, Tower Financial Corp. shares are currently trading flat on the day.

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