FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) has declared a quarterly cash dividend of $0.28 per share, payable on September 30, 2022, to shareholders of record on September 16, 2022. As of July 31, 2022, the book value of the stock was $41.39, with the last trade price on August 23, 2022, at $47.00. The corporation reported assets of $532.8 million and shareholders' equity of $47.2 million. FFW Corporation and Crossroads Bank will continue to assess dividend payments quarterly.

Positive

• Declaration of a quarterly cash dividend of $0.28 per share.
• Stock trading at $47.00, above book value of $41.39, indicating shareholder value.

Negative

• None.

WABASH, Ind., Aug. 24, 2022 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (08/23/22 Close: $47.00), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.28 per share of common stock. The dividend is payable September 30, 2022 to shareholders of record on September 16, 2022.

The book value of FFW Corporation stock was $41.39 per share as of July 31, 2022. The last reported trade of stock at the close of business on August 23, 2022 was $47.00 per share and the number of outstanding shares was 1,140,956 as of the same date. On July 31, 2022, the corporation had assets of $532.8 million and shareholders' equity of $47.2 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 for FFW Corporation?

FFW Corporation declared a quarterly cash dividend of $0.28 per share.

When is the dividend payable for FFW Corporation?

The dividend is payable on September 30, 2022.

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

The record date for the dividend is September 16, 2022.

What was the last reported stock price for FFW Corporation?

The last reported stock price for FFW Corporation was $47.00 on August 23, 2022.

What are the total assets of FFW Corporation as of July 31, 2022?

FFW Corporation reported total assets of $532.8 million as of July 31, 2022.