FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) has declared a quarterly cash dividend of $0.26 per share, payable on December 31, 2021, to shareholders recorded by December 17, 2021. As of October 31, 2021, the book value per share stood at $46.59, with the last trade at $47.50. The corporation reported assets totaling $512.1 million and shareholders' equity of $53.3 million. The Board will review dividend payments quarterly.

Positive

• Quarterly cash dividend of $0.26 per share enhances shareholder returns.
• Strong asset base of $512.1 million and solid shareholder equity of $53.3 million.

Negative

• None.

WABASH, Ind., Nov. 24, 2021 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (11/23/2021 Close: $47.50), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.26 per share of common stock. The dividend is payable December 31, 2021 to shareholders of record on December 17, 2021.

The book value of FFW Corporation stock was $46.59 per share as of October 31, 2021. The last reported trade of stock at the close of business on November 23, 2021 was $47.50 per share and the number of outstanding shares was 1,143,377 as of the same date. On October 31, 2021, the corporation had assets of $512.1 million and shareholders' equity of $53.3 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 amount of the dividend declared by FFW Corporation?

FFW Corporation declared a quarterly cash dividend of $0.26 per share.

When will the dividend be paid to shareholders of FFW Corporation?

The dividend will be paid on December 31, 2021.

What is the record date for the FFW Corporation dividend?

The record date for the dividend is December 17, 2021.

What is the current book value per share of FFW Corporation?

The book value per share as of October 31, 2021, is $46.59.

What are the total assets of FFW Corporation?

FFW Corporation reported total assets of $512.1 million as of October 31, 2021.