FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) announced a quarterly cash dividend of $0.25 per share, payable on June 30, 2021, to shareholders of record on June 16, 2021. As of April 30, 2021, the book value of FFWC stock was $46.73 per share, while the last reported trade was $45.76. The corporation's assets totaled $486.2 million with shareholders' equity at $53.4 million. The Board will continue to assess the quarterly dividend payments.

Positive

• Approval of a quarterly cash dividend of $0.25 per share.
• Book value of FFWC stock at $46.73, exceeding the trading price.
• Strong asset base with total assets of $486.2 million.

Negative

• Current stock trading below book value at $45.76.

WABASH, Ind., May 26, 2021 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (05/25/2021 Close: $45.76), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.25 per share of common stock. The dividend is payable June 30, 2021 to shareholders of record on June 16, 2021.

The book value of FFW Corporation stock was $46.73 per share as of April 30, 2021. The last reported trade of stock at the close of business on May 25, 2021 was $45.76 per share and the number of outstanding shares was 1,141,190 as of the same date. On April 30, 2021, the corporation had assets of $486.2 million and shareholders' equity of $53.4 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

Crossroads Bank is a wholly owned subsidiary of FFW Corporation providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse and Warsaw. The Bank also provides leasing services at each of its banking centers. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.” Our website address is www.crossroadsbanking.com. Crossroads Bank, Member FDIC.

FOR MORE INFORMATION
Emily Boardman
Treasurer
(260) 563-3185

SOURCE: FFW Corporation

FAQ

What is the dividend amount for FFW Corporation?

FFW Corporation has declared a quarterly cash dividend of $0.25 per share.

When will the dividend be paid to shareholders?

The dividend is payable on June 30, 2021, to shareholders of record on June 16, 2021.

What was the book value of FFW Corporation stock?

The book value of FFW Corporation stock was $46.73 per share as of April 30, 2021.

What are the total assets of FFW Corporation?

FFW Corporation had total assets of $486.2 million as of April 30, 2021.

Is FFW Corporation planning to continue its dividend payments?

Yes, the Board will continue to evaluate the payment of a dividend on a quarterly basis.