The Community Financial Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

The Community Financial Corporation (NASDAQ: TCFC) has declared a quarterly cash dividend of $0.15 per share, payable on or about October 18, 2021. Stockholders of record as of the close of business on October 4, 2021 will receive this dividend. As the bank holding company for Community Bank of the Chesapeake, TCFC operates multiple branches across Maryland and Virginia. The release also includes forward-looking statements regarding potential economic risks and uncertainties affecting future performance.

Positive

• Quarterly cash dividend of $0.15 per share enhances shareholder income.
• Confidence in sustaining dividends indicates stable financial health.

Negative

• Forward-looking statements cite various risks affecting future performance, including economic trends and regulatory changes.

WALDORF, Md., Sept. 22, 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 October 18, 2021 to stockholders of record as of the close of business on October 4, 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 Chief Executive Officer 240-427-1033

FAQ

What is the dividend amount declared by TCFC?

TCFC has declared a quarterly cash dividend of $0.15 per share.

When will the TCFC dividend be paid?

The dividend will be paid on or about October 18, 2021.

What is the record date for TCFC's dividend?

The record date for the dividend is October 4, 2021.

How does the dividend impact TCFC shareholders?

The dividend payment provides direct income to shareholders and reflects the company's financial stability.

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

Forward-looking statements mention risks like economic trends, changes in interest rates, and regulatory changes.