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Tower Financial Corporation (TOFC) Ex-Dividend Date Scheduled for August 19, 2013

By: NASDAQ.com News
Posted: 8/16/2013 9:00:00 AM
Referenced Stocks: JPM;TOFC;WFC

Tower Financial Corporation ( TOFC ) will begin trading ex-dividend on August 19, 2013. A cash dividend payment of $0.25 per share is scheduled to be paid on September 04, 2013. Shareholders who purchased TOFC stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 212.5% increase over the prior month.

The previous trading day's last sale of TOFC was $15.2, representing a -5.71% decrease from the 52 week high of $16.12 and a 34.51% increase over the 52 week low of $11.30.

TOFC is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). TOFC's current earnings per share, an indicator of a company's profitability, is $1.45. Zacks Investment Research reports TOFC's forecasted earnings growth in 2013 as 10.17%, compared to an industry average of 7.9%.

For more information on the declaration, record and payment dates, visit the TOFC Dividend History page.