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Tower Financial Corporation (TOFC) Ex-Dividend Date Scheduled for May 17, 2013

By: NASDAQ.com News
Posted: 5/16/2013 9:00:00 AM
Referenced Stocks: JPM;TOFC;WFC

Tower Financial Corporation ( TOFC ) will begin trading ex-dividend on May 17, 2013. A cash dividend payment of $0.07 per share is scheduled to be paid on June 04, 2013. Shareholders who purchased TOFC stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $13.95, the dividend yield is 2.01%.

The previous trading day's last sale of TOFC was $13.95, representing a -2.1% decrease from the 52 week high of $14.25 and a 47.46% increase over the 52 week low of $9.46.

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 $1.39. Zacks Investment Research reports TOFC's forecasted earnings growth in 2013 as %, compared to an industry average of 4.3%.

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