#United States #dividends #Columbus #CFBank #cash payout

CF Bankshares Inc. Declares Quarterly Cash Dividend

On January 6, 2025, CF Bankshares Inc. (NASDAQ: CFBK), the parent company of CFBank, NA, made an important announcement regarding its financial strategy – declaring a quarterly cash dividend. The Board of Directors has set a dividend of $0.07 per share for its common stock, alongside a $7.00 per share dividend on its Series D preferred stock.

This decision signifies the company’s robust financial health and its commitment to delivering value to shareholders. The dividends are scheduled for payment on January 27, 2025, to shareholders recorded by the close of business on January 16, 2025.

CF Bankshares Inc. isn’t merely a holding entity; it represents a vital financial institution that serves various Ohio metro areas, including Columbus, Cleveland, and Cincinnati, as well as Indianapolis, Indiana. Since the company underwent significant recapitalization during the financial crisis of 2012, it has transformed into a reputable full-service commercial bank. This strategic overhaul led to an impressive compound annual growth rate (CAGR) of over 20% in its achievements since the restructuring.

The primary focus of CFBank is to cater to the financial demands of closely held businesses and entrepreneurs. It offers a comprehensive range of services, including commercial, retail, and mortgage lending. Each regional market boasts tailored offerings such as commercial loans, equipment leases, and real estate loans, complemented by treasury management services and residential mortgage lending.

CFBank distinguishes itself by prioritizing individualized customer service and facilitating direct access to decision-makers, allowing for a more efficient banking experience. The bank aligns itself with the sophistication of larger financial institutions but without the hindrances of corporate bureaucracy. This unique approach has legitimized their reputation among clients seeking both personalized and efficient banking services.

With such a strong commitment to community-focused banking, CF Bankshares Inc. and CFBank continue to solidify their position in the financial sector. For further details regarding this announcement or other inquiries, additional information can be found by visiting www.CF.Bank.

This recent announcement will undoubtedly instill confidence in shareholders, reflecting CF Bankshares' ongoing dedication to fostering a secure and profitable banking environment. As the company strives for continued growth and excellence in customer service, stakeholders can look forward to what the future holds for this promising institution.