TFS Financial Corporation Declares Dividend
29 Agosto 2024 - 3:30PM
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 September 24, 2024, to stockholders of record on
September 10, 2024.
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the full release here:
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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 9, 2024, 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 9, 2025).
The MHC previously waived the receipt of dividends paid by the
Company in an aggregate amount of $1.13 per share during the four
quarters ending June 30, 2024.
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 27 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, two lending offices in Central and
Southern Ohio, and 16 full service branches throughout Florida. As
of June 30, 2024, the Company’s assets totaled $17.03 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.
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TFS Financial Corporation Jennifer Rosa, (216) 429-5037
TFS Financial (NASDAQ:TFSL)
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