The Community Financial Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

The Community Financial Corporation (NASDAQ: TCFC) has announced a quarterly cash dividend of $0.175 per share, scheduled for payment on or about April 25, 2022. Shareholders of record as of April 12, 2022 will receive this dividend. The Company serves as the bank holding entity for Community Bank of the Chesapeake, with locations in Maryland and Virginia.

Positive

• Quarterly cash dividend of $0.175 per share announced.
• Dividend payment scheduled for April 25, 2022, indicating company confidence.

Negative

• Forward-looking statements indicate potential risks such as changes in earnings and economic trends.

WALDORF, Md., Feb. 24, 2022 (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of common stock. The dividend will be paid on or about April 25, 2022 to stockholders of record as of the close of business on April 12, 2022.

The Community Financial Corporation is the bank holding company for Community Bank of the Chesapeake, which conducts business through its main office in Waldorf, Maryland, and branch offices in Bryans Road, California, Charlotte Hall, Dunkirk, La Plata, Leonardtown, Lusby, Prince Frederick and Waldorf, Maryland and Fredericksburg, Virginia.

Forward-looking Statements - This news release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements can generally be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Statements in this release that are not strictly historical are forward-looking and are based upon current expectations that may differ materially from actual results. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. These risks and uncertainties involve general economic trends, changes in earnings, changes in interest rates, loss of deposits and loan demand to other financial institutions, substantial changes in financial markets, changes in real estate value and the real estate market, regulatory changes, possibility of unforeseen events affecting the industry generally, the uncertainties associated with newly developed or acquired operations, the outcome of pending litigation, and market disruptions and other effects of terrorist activities. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required under the rules and regulations of the Securities and Exchange Commission.

CONTACT:	William Pasenelli
	Chief Executive Officer
	240-427-1033

FAQ

When is the dividend payment for TCFC scheduled?

The dividend payment for TCFC is scheduled for on or about April 25, 2022.

What is the amount of the quarterly dividend declared by TCFC?

The quarterly dividend declared by TCFC is $0.175 per share.

Who is eligible to receive the dividend from TCFC?

Shareholders of record as of the close of business on April 12, 2022, are eligible to receive the dividend.

What risks are associated with TCFC's forward-looking statements?

Risks include changes in earnings, interest rates, deposit loss, regulatory changes, and market disruptions.