Reminder - TowneBank (TOWN) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 6/25/14, TowneBank (TOWN) will trade ex-dividend, for its quarterly dividend of $0.11, payable on 7/11/14. As a percentage of TOWN's recent stock price of $16.40, 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 6/25/14.

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Below is a dividend history chart for TOWN, showing historical dividends prior to the most recent $0.11 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 2.68% 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 $13.66 per share, with $17.34 as the 52 week high point — that compares with a last trade of $16.40.

In Monday trading, TowneBank shares are currently down about 0.4% on the day.

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