The Community Financial Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

The Community Financial Corporation (NASDAQ: TCFC) has declared a quarterly cash dividend of $0.175 per share. This dividend will be paid on or about July 26, 2022 to shareholders of record as of the close of business on July 12, 2022. The company, based in Waldorf, Maryland, operates through the Community Bank of the Chesapeake with multiple branches in Maryland and Virginia. The release includes forward-looking statements about potential risks affecting the company's future performance.

Positive

• Quarterly cash dividend of $0.175 per share declared.

Negative

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

WALDORF, Md., May 25, 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 July 26, 2022 to stockholders of record as of the close of business on July 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

What is the dividend amount declared by TCFC?

The dividend amount declared by The Community Financial Corporation is $0.175 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on or about July 26, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is July 12, 2022.

Are there any risks associated with the forward-looking statements?

Yes, the forward-looking statements mention risks such as changes in interest rates, loss of deposits, and general economic trends.