TFS Financial Corporation Declares Dividend
February 22 2024 - 4:15PM
Business Wire
TFS Financial Corporation (NASDAQ: TFSL) (the "Company"), the
holding company for Third Federal Savings and Loan Association of
Cleveland (the "Association"), today announced that the Board of
Directors declared a quarterly cash dividend of $0.2825 per share,
payable on March 21, 2024, to stockholders of record on March 7,
2024.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240222671788/en/
Chairman and CEO Marc A. Stefanski
(Photo: Business Wire)
Third Federal Savings and Loan Association of Cleveland, MHC
(the "MHC"), the mutual holding company of the Company and owner of
227,119,132 shares, or 80.9% of the Company's common stock
outstanding, has waived its right to receive the dividend on its
shares.
On July 11, 2023, the MHC received the approval of its members
(depositors and certain loan customers of the Association) with
respect to the waiver of dividends, and subsequently received the
non-objection of the Federal Reserve Bank of Cleveland, to waive
receipt of dividends on the Company's common stock the MHC owns up
to an aggregate amount of $1.13 per share during the twelve months
subsequent to the members' approval (ie., through July 11, 2024).
The MHC previously waived the receipt of dividends paid by the
Company in an aggregate amount of $0.5650 per share during the
quarters ending September 30, 2023 and December 31, 2023.
Third Federal is a leading provider of savings and mortgage
products, and operates under the values of love, trust, respect, a
commitment to excellence and fun. Founded in Cleveland in 1938 as a
mutual association by Ben and Gerome Stefanski, Third Federal's
mission is to help people achieve the dream of home ownership and
financial security. It became part of a public company in 2007 and
celebrated its 85th anniversary in May 2023.
Third Federal, which lends in 25 states and the District of
Columbia, is dedicated to serving consumers with competitive rates
and outstanding service. Third Federal, an equal housing lender,
has 21 full service branches in Northeast Ohio, four lending
offices in Central and Southern Ohio, and 16 full service branches
throughout Florida. As of December 31, 2023, the Company's assets
totaled $17.05 billion.
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and is subject to the safe
harbors created therein. The forward-looking statements contained
herein include, but are not limited to, the Company's plans
regarding its dividends. These forward-looking statements involve
risks and uncertainties that could cause the Company's results to
differ materially from management's current expectations. The
Company's risks and uncertainties are detailed in its filings with
the Securities and Exchange Commission, including our Annual Report
on Form 10-K for the fiscal year ended September 30, 2023.
Forward-looking statements are based on the beliefs and assumptions
of our management and on currently available information. The
Company undertakes no responsibility to publicly update or revise
any forward-looking statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240222671788/en/
Jennifer Rosa (216) 429-5037
TFS Financial (NASDAQ:TFSL)
Historical Stock Chart
From Apr 2024 to May 2024
TFS Financial (NASDAQ:TFSL)
Historical Stock Chart
From May 2023 to May 2024