The board of local bank and wealth manager Truxton Corp. has voted to double the company's semi-annual dividend to 20 cents per share. The new payout will be made June 27 to shareholders of record June 4 and will give Truxton (Ticker: TRUX) a dividend yield of about 2.2 percent.
Shares of Nashville-based Truxton Corp., the holding company for Truxton Trust, began trading today on the OTCQB under the new ticker symbol TRUX.
The OTCQB is the middle tier of three marketplaces used for the trading of over-the-counter stocks. New York-based OTC Markets Group Inc. operates it.
Previously known as Nashville Bank & Trust, Truxton Trust is a private bank located on Harding Road in Belle Meade.