CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES QUARTERLY CASH DIVIDEND.

Rhea-AI Summary

CF Bankshares (NASDAQ: CFBK) has announced its latest quarterly cash dividend distribution. The company's Board of Directors has declared a dividend of $0.07 per share on common stock and a corresponding $7.00 per share on Series D preferred stock. The dividend will be paid on April 22, 2025 to shareholders of record as of April 14, 2025.

Each share of Series D preferred stock can be converted into 100 shares of common stock.

Positive

• Consistent dividend payment demonstrates financial stability
• Equal treatment of preferred shareholders with corresponding dividend

Negative

• None.

COLUMBUS, Ohio, April 2, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, today announced that the Board of Directors of the Company declared a $0.07 per share quarterly cash dividend on its common stock and a corresponding $7.00 per share quarterly cash dividend on its Series D preferred stock.  Each share of Series D preferred stock is convertible into 100 shares of common stock.  The dividend is payable on April 22, 2025 to shareholders of record as of the close of business on April 14, 2025. 

About CF Bankshares Inc. and CFBank

CF Bankshares Inc. (the "Company") is a holding company that owns 100% of the stock of CFBank, National Association ("CFBank"). CFBank is a nationally chartered boutique Commercial bank operating primarily in Five (5) Major Metro Markets: Columbus, Cleveland, Cincinnati, and Akron Ohio, and Indianapolis, Indiana. The current Leadership Team and Board recapitalized the Company and CFBank in 2012 during the financial crisis, repositioning CFBank as a full-service Commercial Bank model. Since the 2012 recapitalization, CFBank has achieved a CAGR in excess of 20%.

CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing a comprehensive Commercial, Retail, and Mortgage Lending services presence. In all regional markets, CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products.  CFBank is differentiated by our penchant for individualized service coupled with direct customer access to decision-makers, and ease of doing business. CFBank matches the sophistication of much larger banks, without the bureaucracy.

Additional information about the Company and CFBank is available at www.CF.Bank

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SOURCE CF BANKSHARES INC.

FAQ

What is the dividend amount for CFBK common stock in April 2025?

CF Bankshares (CFBK) declared a quarterly cash dividend of $0.07 per share on common stock.

When is the dividend payment date for CFBK shareholders?

The dividend will be paid on April 22, 2025 to shareholders of record as of April 14, 2025.

What is the conversion ratio for CFBK Series D preferred stock?

Each share of Series D preferred stock is convertible into 100 shares of common stock.

How much is CFBK's preferred stock dividend for April 2025?

CF Bankshares declared a quarterly cash dividend of $7.00 per share on its Series D preferred stock.