FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) announced a quarterly cash dividend of $0.28 per share, payable on March 31, 2023, for shareholders of record on March 17, 2023. As of January 31, 2023, the company reported a book value of $42.92 per share, with assets totaling $531.3 million and shareholders' equity of $48.5 million. The stock closed at $44.90 on February 28, 2023, with 1,129,855 outstanding shares. The Board will continue to assess quarterly dividend payments.

Positive

• Quarterly cash dividend of $0.28 per share enhances shareholder income.
• Strong book value at $42.92 reflects stability.
• Solid asset base of $531.3 million positions company well.

Negative

• None.

WABASH, Ind., March 01, 2023 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (02/28/23 Close: $44.90), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.28 per share of common stock. The dividend is payable March 31, 2023, to shareholders of record on March 17, 2023.

The book value of FFW Corporation stock was $42.92 per share as of January 31, 2023. The last reported trade of stock at the close of business on February 28, 2023, was $44.90 per share and the number of outstanding shares was 1,129,855 as of the same date. On January 31, 2023, the corporation had assets of $531.3 million and shareholders' equity of $48.5 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
Kirsten Pendarvis
Treasurer
(260) 563-3185

SOURCE: FFW Corporation 

FAQ

What is the dividend amount and payment date for FFW Corporation in March 2023?

The dividend amount is $0.28 per share, payable on March 31, 2023.

When is the record date for FFW Corporation's dividend?

The record date for the dividend is March 17, 2023.

What is the book value of FFW Corporation stock as of January 31, 2023?

The book value of FFW Corporation stock was $42.92 per share as of January 31, 2023.

What was FFW Corporation's stock price at the close on February 28, 2023?

FFW Corporation's stock closed at $44.90 on February 28, 2023.