Capitol Federal Financial, Inc.® Announces True Blue® Capitol Dividend

Rhea-AI Summary

Capitol Federal Financial (CFFN) has declared a True Blue Capitol dividend of $0.20 per share, payable on June 24, 2022, to stockholders of record as of June 10, 2022. Additionally, the Capitol Federal Savings Bank will provide a $28.0 million capital distribution to CFFN. The Board aims to distribute 100% of earnings to stockholders for fiscal year 2022, with expected quarterly dividends of $0.085 per share, totaling $0.34 for the year. The fiscal year 2022 cash true-up dividend will be paid in December 2022, contingent on various financial factors.

Positive

• Declaration of a True Blue Capitol dividend of $0.20 per share.
• Total capital distribution from the bank of $28.0 million to support dividend payments.
• Commitment to pay 100% of earnings to stockholders for fiscal year 2022.

Negative

• Dividend payments are contingent on the Company's financial condition and regulatory requirements.

TOPEKA, Kan.--(BUSINESS WIRE)-- Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the "Company") announced today that its Board of Directors has declared a True Blue Capitol dividend of $0.20 per share on outstanding CFFN common stock. The cash dividend will be paid on June 24, 2022 to stockholders of record as of the close of business on June 10, 2022.

The Board of Directors of Capitol Federal Savings Bank (the "Bank") also announced today that it has voted to make a capital distribution to CFFN in the amount of $28.0 million, which will be paid by June 24, 2022. This additional capital distribution will allow CFFN to pay the $0.20 per share True Blue Capitol dividend.

For fiscal year 2022, it is the intention of the Board of Directors to continue the payout of 100% of the Company's earnings to the Company's stockholders. The payout is expected to be in the form of regular quarterly cash dividends of $0.085 per share, totaling $0.34 for the year, and a cash true-up dividend equal to fiscal year 2022 earnings in excess of the amount paid as regular quarterly cash dividends during fiscal year 2022. It is anticipated that the fiscal year 2022 cash true-up dividend will be paid in December 2022. Dividend payments depend upon a number of factors including the Company's financial condition and results of operations, regulatory capital requirements, regulatory limitations on the Bank's ability to make capital distributions to the Company, and the amount of cash at the holding company.

Capitol Federal Financial, Inc. is the holding company for the Bank. The Bank has 54 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 on the Internet at the Bank's website, http://www.capfed.com.

Except for the historical information contained in this press release, the matters discussed 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 changes in economic conditions in the Company's market area, 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, demand for loans in the Company's market area, the future earnings and capital levels of the Bank, which would 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/20220531005665/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 declared by Capitol Federal Financial (CFFN)?

The dividend amount declared is $0.20 per share.

When will the dividend for CFFN be paid?

The dividend will be paid on June 24, 2022.

What is the record date for the CFFN dividend?

The record date for the dividend is June 10, 2022.

How much is the total capital distribution to Capitol Federal Financial?

The total capital distribution to CFFN is $28.0 million.

What are the expected regular quarterly dividends for CFFN in fiscal year 2022?

The expected regular quarterly dividends are $0.085 per share, totaling $0.34 for the year.

When is the anticipated cash true-up dividend for CFFN expected to be paid?

The anticipated cash true-up dividend is expected to be paid in December 2022.