FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) announced a quarterly cash dividend of $0.26 per share, payable on June 30, 2022, to shareholders of record on June 16, 2022. As of April 30, 2022, the book value per share was $41.32, with the stock trading at $46.00 on May 24, 2022. The corporation reported assets of $528.4 million and shareholders' equity of $47.2 million. The board plans to assess dividend payments quarterly.

Positive

• Quarterly dividend of $0.26 per share enhances shareholder income.
• Strong assets of $528.4 million signify financial stability.
• Shareholders' equity of $47.2 million demonstrates solid capital position.

Negative

• None.

WABASH, Ind., May 25, 2022 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (05/24/22 Close: $46.00), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.26 per share of common stock. The dividend is payable June 30, 2022 to shareholders of record on June 16, 2022.

The book value of FFW Corporation stock was $41.32 per share as of April 30, 2022. The last reported trade of stock at the close of business on May 24, 2022 was $46.00 per share and the number of outstanding shares was 1,142,627 as of the same date. On April 30, 2022, the corporation had assets of $528.4 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 announced by FFWC?

FFWC announced a quarterly cash dividend of $0.26 per share.

When is the dividend payable to FFWC shareholders?

The dividend is payable on June 30, 2022.

What are the record dates for the FFWC dividend?

Shareholders of record will be on June 16, 2022.

What was the book value per share for FFWC as of April 30, 2022?

The book value per share was $41.32.

How much were FFWC's total assets?

FFWC reported total assets of $528.4 million.