Tower Financial Corporation (
) has announced an ex-dividend date of December 18, 2012 and a cash
dividend payment of $0.5 per share scheduled for December 27, 2012.
Shareholders who purchased TOFC stock prior to the ex-dividend date
are eligible for the cash dividend payment. At the current stock
price of $12, the dividend yield is 16.67%.
The previous trading day's last sale of TOFC was $12,
representing a -6.03% decrease from the 52 week high of $12.77 and
a 58.73% increase over the 52 week low of $7.56.
TOFC is a part of the Finance sector, which includes companies
such as Wells Fargo & Company (
) and J P Morgan Chase & Co (
). TOFC's current earnings per share, an indicator of a company's
profitability, is $1.53. Zacks Investment Research reports TOFC's
forecasted earnings growth in 2012 as -16.18%, compared to an
industry average of 15.2%.
For more information on the declaration, record and payment
dates, visit the