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

Rhea-AI Summary

CF Bankshares (NASDAQ: CFBK) has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a $0.07 per share dividend on common stock and a corresponding $7.00 per share dividend on Series D preferred stock. The dividends will be paid on January 27, 2025, to shareholders recorded as of January 16, 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 both common and preferred shareholders (maintaining 100:1 ratio)

Negative

• None.

COLUMBUS, Ohio, Jan. 6, 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 January 27, 2025 to shareholders of record as of the close of business on January 16, 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 Four (4) Major Metro Markets: Columbus, Cleveland, and Cincinnati, 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 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, equipment leases, commercial and residential real estate loans, 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 Q1 2025?

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

When is the ex-dividend date for CFBK's January 2025 dividend?

Shareholders must be on record by January 16, 2025, to receive the dividend payment.

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

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

When will CFBK pay its Q1 2025 dividend?

The dividend will be paid on January 27, 2025.

How much is CFBK's preferred stock dividend for Q1 2025?

CFBK declared a quarterly cash dividend of $7.00 per share for Series D preferred stock.