The Community Financial Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

The Community Financial Corporation (NASDAQ: TCFC) announced a quarterly cash dividend of $0.125 per share, payable around January 25, 2021. Stockholders must be on record by the close of business on January 11, 2021. The company operates through Community Bank of the Chesapeake with branches in Maryland and Virginia. It is important to note that forward-looking statements in the release are subject to risks, including economic trends and regulatory changes, which may affect future results.

Positive

• Quarterly cash dividend declared at $0.125 per share.
• Dividend payment date set for January 25, 2021.

Negative

• Forward-looking statements involve risks and uncertainties that may cause actual results to differ.
• Risks include changes in economic conditions, interest rates, and competition from other financial institutions.

WALDORF, Md., Dec. 30, 2020 (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per share of common stock. The dividend will be paid on or about January 25, 2021 to stockholders of record as of the close of business on January 11, 2021.  

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
President and Chief Executive Officer
240-427-1033

FAQ

What is the dividend amount declared by TCFC?

The dividend amount declared by TCFC is $0.125 per share.

When is the dividend payment date for TCFC?

The dividend payment date is on or about January 25, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is January 11, 2021.

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

Risks include general economic trends, interest rate fluctuations, and potential losses due to competition.