C&F Financial Corporation Announces Increase in Quarterly Dividend

Rhea-AI Summary

The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a cash dividend of 44 cents per share, marking a 5% increase from the previous quarter's 42 cents. This dividend is payable on April 1, 2023, to shareholders of record on March 15, 2023. The board continuously evaluates the dividend amount based on economic conditions, capital requirements, and future earnings.

C&F Financial operates multiple banking and financial service branches across several states, including Virginia, Maryland, and North Carolina.

Positive

• Cash dividend increased by 5%, showing confidence in financial health.
• Regular dividend suggests a stable income for shareholders.

Negative

• None.

TOANO, Va., Feb. 23, 2023 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 44 cents per share, which is payable April 1, 2023 to shareholders of record on March 15, 2023. This dividend represents a 5 percent increase over the prior quarter’s dividend amount of 42 cents per share.

The Board of Directors of the Corporation continually reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.

About C&F

C&F Bank operates 31 banking offices and four commercial loan offices located throughout eastern and central Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia, Maryland, North Carolina, South Carolina and West Virginia. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered in Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia from its headquarters in Henrico, Virginia.

Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com.

Contact:	Jason Long
	Chief Financial Officer and Secretary
	(804) 843-2360

FAQ

What is the cash dividend for CFFI in 2023?

C&F Financial Corporation has declared a cash dividend of 44 cents per share for 2023.

When is the CFFI dividend payable?

The dividend is payable on April 1, 2023.

When is the record date for the CFFI dividend?

The record date for the dividend is March 15, 2023.

How much has the CFFI dividend increased?

The dividend has increased by 5% from the previous amount of 42 cents per share.

What factors does CFFI consider for dividend decisions?

C&F Financial considers economic conditions, capital requirements, and expected future earnings when reviewing dividends.