The Community Financial Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

The Community Financial Corporation (NASDAQ: TCFC) announced a quarterly cash dividend of $0.15 per share, to be paid on or about July 23, 2021. Shareholders of record as of July 12, 2021 will receive this payment. The Company, operating through Community Bank of the Chesapeake, serves various locations in Maryland and Virginia.

Forward-looking statements in the press release highlight potential risks, including economic trends and regulatory changes, that could impact future performance.

Positive

• Quarterly cash dividend of $0.15 per share, demonstrating financial strength.
• Dividend payment date set for July 23, 2021, providing income for shareholders.

Negative

• Forward-looking statements indicate risks related to economic trends and interest rates that could affect future earnings.

WALDORF, Md., May 26, 2021 (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. The dividend will be paid on or about July 23, 2021 to stockholders of record as of the close of business on July 12, 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 and Prince Frederick, 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

What is the dividend amount declared by TCFC?

The Community Financial Corporation declared a quarterly cash dividend of $0.15 per share.

When will the dividend be paid by TCFC?

The dividend will be paid on or about July 23, 2021.

What is the record date for TCFC's dividend?

The record date for the dividend is July 12, 2021.

What are the risks associated with TCFC as mentioned in the press release?

The risks include economic trends, changes in earnings, interest rates, and regulatory changes.