The Community Financial Corporation Announces Quarterly Cash Dividend
The Community Financial Corporation (NASDAQ: TCFC) announced a quarterly cash dividend of $0.175 per share, to be paid on January 24, 2023, for stockholders of record as of January 10, 2023. This dividend declaration is a positive indicator of the company's financial health and commitment to returning value to shareholders. The bank holding company operates the Community Bank of the Chesapeake, serving various locations in Maryland and Virginia.
- Quarterly cash dividend of $0.175 per share reflects financial stability.
- Dividend payment scheduled enhances shareholder value.
- None.
WALDORF, Md., Nov. 30, 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
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: | James M. Burke |
| Chief Executive Officer | |
| 240-427-1034 |
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