The Community Financial Corporation Announces Quarterly Cash Dividend
The Community Financial Corporation (NASDAQ: TCFC) has declared a quarterly cash dividend of $0.175 per share, scheduled for payment on April 24, 2023, to shareholders of record by April 12, 2023. The company operates through its primary bank, Community Bank of the Chesapeake, located in Waldorf, Maryland, along with multiple branch offices in surrounding areas.
This announcement reflects the company's ongoing commitment to providing returns to its shareholders, though investors should remain aware of potential risks and uncertainties affecting future performance, as outlined in the forward-looking statements section of the release.
- Quarterly cash dividend of $0.175 per share enhances shareholder returns.
- Demonstrates the company's commitment to shareholder value.
- Forward-looking statements indicate potential risks affecting future performance.
- Economic trends and market conditions could impact earnings and deposit levels.
WALDORF, Md., Feb. 27, 2023 (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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