C&F Financial Corporation Announces Increase in Quarterly Dividend

Rhea-AI Summary

C&F Financial Corporation (NASDAQ:CFFI) has declared a cash dividend of 40 cents per share, an increase of 5.3% from the previous quarter's 38 cents. This dividend is payable on July 1, 2021, to shareholders of record as of June 15, 2021. The board regularly evaluates the dividend amount considering economic conditions and future earnings outlook.

Positive

• Declared a 40 cents per share dividend, a 5.3% increase from the previous quarter, reflecting company confidence.

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• None.

TOANO, Va., May 19, 2021 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a regular cash dividend of 40 cents per share, which is payable July 1, 2021 to shareholders of record on June 15, 2021.   This dividend represents a 5.3 percent increase over the prior quarter’s dividend amount of 38 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 lending offices located throughout the Hampton to Charlottesville corridor and the Northern Neck region in 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 through its offices in Richmond and Hampton, 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 declared by CFFI?

C&F Financial Corporation has declared a cash dividend of 40 cents per share.

When will CFFI's dividend be paid?

The dividend will be paid on July 1, 2021.

What was the previous dividend amount for CFFI?

The previous dividend amount was 38 cents per share.

Who are eligible shareholders for CFFI's dividend?

Shareholders of record as of June 15, 2021, are eligible.