Capitol Federal Financial, Inc.® Announces Quarterly Dividend

Rhea-AI Summary

Capitol Federal Financial, Inc. (NASDAQ: CFFN) has declared a quarterly cash dividend of $0.085 per share on its common stock. The dividend is set to be paid on May 19, 2023, to stockholders of record as of the close of business on May 5, 2023. The company will announce its financial results for the quarter ending March 31, 2023 on April 26, 2023, before market opening. Capitol Federal Savings Bank, the primary institution under the company, operates 50 branches across Kansas and Missouri, making it a significant player in residential lending in Kansas.

Positive

• Quarterly cash dividend of $0.085 per share enhances income for shareholders.
• Dividend payment reflects company confidence in financial stability.

Negative

• Potential risks related to the ongoing COVID-19 pandemic impacting economic conditions.
• Uncertainties regarding future earnings and capital levels of the Bank could affect dividend sustainability.

TOPEKA, Kan.--(BUSINESS WIRE)-- Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share on outstanding CFFN common stock.

The dividend is payable on May 19, 2023 to stockholders of record as of the close of business on May 5, 2023.

The Company will release financial results for the quarter ended March 31, 2023 on April 26, 2023 before the market opens.

Capitol Federal Financial, Inc. is the holding company for Capitol Federal Savings Bank (the "Bank"). The Bank has 50 branch locations in Kansas and Missouri, and is one of the largest residential lenders in the State of Kansas. News and other information about the Company can be found at the Bank's website, http://www.capfed.com.

Forward-Looking Statements

Except for the historical information contained in this press release, the matters discussed herein may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including: potential adverse impacts of the ongoing COVID-19 pandemic and any governmental or societal responses thereto on economic conditions in the Company's local market areas and other areas where the Bank has lending relationships, on other aspects of the Company's business operations and on financial markets; changes in policies or the application or interpretation of laws and regulations by regulatory agencies and tax authorities; other governmental initiatives affecting the financial services industry; changes in accounting principles, policies or guidelines; fluctuations in interest rates and the effects of inflation or a potential recession; demand for loans in the Company's and its correspondent banks' market areas; the future earnings and capital levels of the Bank, which could affect the ability of the Company to pay dividends in accordance with its dividend policies; competition; and other risks detailed from time to time in documents filed or furnished by the Company with the SEC. Actual results may differ materially from those currently expected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005767/en/

Kent Townsend

Executive Vice President,

Chief Financial Officer and Treasurer

(785) 231-6360

ktownsend@capfed.com

Investor Relations

(785) 270-6055

investorrelations@capfed.com

Source: Capitol Federal Financial, Inc.

FAQ

What is the dividend amount and payment date for CFFN in May 2023?

Capitol Federal Financial, Inc. has declared a quarterly cash dividend of $0.085 per share, payable on May 19, 2023.

When will CFFN announce its financial results?

CFFN will release its financial results for the quarter ended March 31, 2023, on April 26, 2023.

What are the risks associated with CFFN's dividend payments?

CFFN faces potential risks related to economic conditions from the COVID-19 pandemic and uncertainties affecting future earnings and capital levels.