FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) has announced a quarterly cash dividend of $0.25 per share, set for payment on March 31, 2021. Shareholders of record by March 17, 2021 will receive this payout. As of January 31, 2021, the book value of FFW Corporation stock was $46.06 per share, with the last recorded stock price at $40.10. The corporation reported total assets of $462.6 million and shareholders' equity of $52.6 million. The Board intends to evaluate quarterly dividend payments regularly.

Positive

• Quarterly cash dividend of $0.25 per share announced, enhancing income for shareholders.
• Book value of stock at $46.06, indicating potential for stock appreciation.
• Strong asset base with total assets of $462.6 million.

Negative

• Current stock price of $40.10 is significantly lower than book value, potentially signaling undervaluation issues.

WABASH, Ind., Feb. 24, 2021 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (02/23/2021 Close: $40.10), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.25 per share of common stock. The dividend is payable March 31, 2021 to shareholders of record on March 17, 2021.

The book value of FFW Corporation stock was $46.06 per share as of January 31, 2021. The last reported trade of stock at the close of business on February 23, 2021 was $40.10 per share and the number of outstanding shares was 1,142,690 as of the same date. On January 31, 2021, the corporation had assets of $462.6 million and shareholders' equity of $52.6 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 in 2021?

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

When is FFW Corporation's dividend payment date?

The dividend is payable on March 31, 2021.

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

The record date for receiving the dividend is March 17, 2021.

What is the current stock price of FFW Corporation?

As of February 23, 2021, the stock price was $40.10.

What are the total assets of FFW Corporation?

FFW Corporation reported total assets of $462.6 million as of January 31, 2021.