CF Bankshares Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

CF Bankshares Inc. (NASDAQ: CFBK) has declared a quarterly cash dividend of $0.03 per share. This dividend is set to be paid on February 1, 2021, to shareholders of record as of January 21, 2021. The company operates CFBank, which provides a variety of personalized banking services tailored for closely held businesses across major Ohio markets, including Columbus, Cleveland, Cincinnati, and Akron. CFBank focuses on offering quick access to decision-makers and modern banking solutions, such as online and mobile banking.

Positive

• Quarterly cash dividend of $0.03 per share indicates company confidence in its financial stability.
• Presence in major Ohio markets enhances business outreach and potential customer base.

Negative

• None.

COLUMBUS, Ohio, Jan. 11, 2021 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, today announced that the Board of Directors of the Company declared a quarterly cash dividend on its common stock of $0.03 per share payable on February 1, 2021, to shareholders of record as of the close of business on January 21, 2021.

About CF Bankshares Inc. and CFBank

CF Bankshares Inc. is the holding company for CFBank, N.A. a national bank formed in Ohio in 1892.  CFBank has a presence in four major Metro Ohio Markets – Columbus, Cleveland, Cincinnati and Akron markets, as well as its two locations in Columbiana County, Ohio.  CFBank provides personalized business banking products and services including commercial loans and leases, commercial and residential real estate loans and treasury management depository services.  In addition, CFBank also has a national residential lending platform.  Our products and services are particularly focused on serving the banking and financing needs of closely held businesses and our business model emphasizes personalized service, customer access to decision makers, quick execution, and the convenience of online internet banking, mobile banking, remote deposit and corporate treasury management. Additional information about CF Bankshares Inc. and CFBank is available at www.CFBankOnline.com.

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SOURCE CF Bankshares Inc.

FAQ

What is the dividend amount declared by CF Bankshares Inc.?

CF Bankshares Inc. declared a quarterly cash dividend of $0.03 per share.

When is the dividend payment date for CFBK?

The dividend payment date is scheduled for February 1, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is January 21, 2021.

In which markets does CFBank operate?

CFBank operates in the major Ohio markets of Columbus, Cleveland, Cincinnati, and Akron.