C&F Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

C&F Financial (NASDAQ:CFFI) announced a regular cash dividend of 44 cents per share, payable on July 1, 2024, to shareholders of record as of June 14, 2024. The Board of Directors evaluates the dividend amount and payout ratio considering economic conditions, capital requirements, and projected earnings. C&F operates 31 banking offices and four commercial loan offices in eastern and central Virginia. Its subsidiaries include C&F Wealth Management, C&F Mortgage , and C&F Finance Company, which provide services ranging from wealth management to mortgage and vehicle loans across multiple states. More details are available on the company's website.

Positive

• Declared a regular cash dividend of 44 cents per share, indicating financial stability.
• Dividend will be paid on July 1, 2024, to shareholders of record on June 14, 2024.
• Operates 31 banking offices and 4 commercial loan offices, showcasing a strong regional presence.
• Subsidiaries offer diverse services, including wealth management, mortgage loans, and vehicle loans, enhancing revenue streams.
• Presence in multiple states through C&F Finance Company broadens market reach.

Negative

• Dividend payout ratio subject to changes in economic conditions, introducing uncertainty.
• Future capital requirements and expected earnings could impact dividend consistency.
• High reliance on regional markets, potentially limiting growth opportunities.

TOANO, Va., May 23, 2024 (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 July 1, 2024 to shareholders of record on June 14, 2024.

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 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 dividend did C&F Financial announce?

C&F Financial announced a regular cash dividend of 44 cents per share.

When is the CFFI dividend payable?

The dividend is payable on July 1, 2024.

Who is eligible for the CFFI dividend?

Shareholders of record as of June 14, 2024, are eligible for the dividend.

What factors influence C&F Financial's dividend payout?

The dividend payout is influenced by economic conditions, capital requirements, and expected future earnings.

What services does C&F Financial offer?

C&F offers banking, wealth management, mortgage loans, and vehicle loans across multiple states.

Where can I find more information about C&F Financial ?

Additional details are available on the company’s website at http://www.cffc.com.