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TFS Financial Corporation Declares Dividend

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TFS Financial (NASDAQ: TFSL) has declared a quarterly cash dividend of $0.2825 per share, payable on September 24, 2024, to stockholders of record on September 10, 2024. The company's mutual holding company, which owns 80.9% of outstanding shares, has waived its right to receive the dividend. This waiver, approved by members and the Federal Reserve Bank of Cleveland, allows for dividends up to $1.13 per share through July 9, 2025.

Third Federal Savings and Loan Association, founded in 1938, operates under values of love, trust, and respect. As of June 30, 2024, the company's assets totaled $17.03 billion. Third Federal lends in 27 states and D.C., with 21 branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 branches in Florida.

TFS Financial (NASDAQ: TFSL) ha dichiarato un dividendo in contante trimestrale di $0,2825 per azione, che sarà pagato il 24 settembre 2024, agli azionisti registrati al 10 settembre 2024. La compagnia di holding mutuale dell'azienda, che possiede l'80,9% delle azioni in circolazione, ha rinunciato al diritto di ricevere il dividendo. Questa rinuncia, approvata dai membri e dalla Federal Reserve Bank di Cleveland, consente dividendi fino a $1,13 per azione fino al 9 luglio 2025.

Third Federal Savings and Loan Association, fondata nel 1938, opera sotto valori di amore, fiducia e rispetto. Al 30 giugno 2024, gli attivi dell'azienda ammontavano a $17,03 miliardi. Third Federal concede prestiti in 27 stati e D.C., con 21 filiali nel Nordest dell'Ohio, due uffici di prestito nel Centro e nel Sud dell'Ohio e 16 filiali in Florida.

TFS Financial (NASDAQ: TFSL) ha declarado un dividendo en efectivo trimestral de $0.2825 por acción, que se pagará el 24 de septiembre de 2024, a los accionistas registrados hasta el 10 de septiembre de 2024. La compañía de holding mutua de la empresa, que posee el 80.9% de las acciones en circulación, ha renunciado a su derecho a recibir el dividendo. Esta renuncia, aprobada por los miembros y la Reserva Federal de Cleveland, permite dividendos de hasta $1.13 por acción hasta el 9 de julio de 2025.

Third Federal Savings and Loan Association, fundada en 1938, opera bajo los valores de amor, confianza y respeto. Al 30 de junio de 2024, los activos de la empresa totalizaron $17.03 mil millones. Third Federal otorga préstamos en 27 estados y D.C., con 21 sucursales en el noreste de Ohio, dos oficinas de préstamos en el centro y sur de Ohio, y 16 sucursales en Florida.

TFS Financial (NASDAQ: TFSL)는 주당 $0.2825의 분기 현금 배당금을 선언했으며, 이는 2024년 9월 24일에 지급되고, 2024년 9월 10일 기준 주주에게 지급됩니다. 회사의 상호 보유 회사는 발행 주식의 80.9%를 소유하고 있으며, 배당금을 받을 권리를 포기했습니다. 이 포기는 회원들과 클리블랜드 연방준비은행의 승인을 받아, 2025년 7월 9일 까지 주당 최대 $1.13의 배당금을 허용합니다.

Third Federal Savings and Loan Association은 1938년에 설립되어 사랑, 신뢰, 존중의 가치를 바탕으로 운영되고 있습니다. 2024년 6월 30일 기준으로, 회사의 자산 총액은 $17.03억에 달합니다. Third Federal은 27개 주와 D.C.에서 대출을 제공하며, 북동부 오하이오에 21개의 지점, 중부 및 남부 오하이오에 2개의 대출 사무소, 플로리다주에 16개의 지점을 운영하고 있습니다.

TFS Financial (NASDAQ: TFSL) a déclaré un dividende trimestriel en espèces de 0,2825 $ par action, payable le 24 septembre 2024, aux actionnaires inscrits au 10 septembre 2024. La société de portefeuille mutuel, qui détient 80,9 % des actions en circulation, a renoncé à son droit de recevoir le dividende. Cette renonciation, approuvée par les membres et la Réserve fédérale de Cleveland, permet des dividendes allant jusqu'à 1,13 $ par action jusqu'au 9 juillet 2025.

Third Federal Savings and Loan Association, fondée en 1938, opère sous des valeurs d'amour, de confiance et de respect. Au 30 juin 2024, les actifs de l'entreprise étaient d'un total de 17,03 milliards $. Third Federal accorde des prêts dans 27 États et D.C., avec 21 agences dans le Nord-Est de l'Ohio, deux bureaux de prêts dans le Centre et le Sud de l'Ohio, et 16 agences en Floride.

TFS Financial (NASDAQ: TFSL) hat eine vierteljährliche Bar-Dividende von $0,2825 pro Aktie erklärt, die am 24. September 2024 an die am 10. September 2024 eingetragenen Aktionäre ausgezahlt wird. Das Unternehmen besitzt 80,9 % der ausstehenden Aktien und hat auf das Recht, die Dividende zu erhalten, verzichtet. Dieser Verzicht, der von den Mitgliedern und der Federal Reserve Bank of Cleveland genehmigt wurde, ermöglicht Dividenden von bis zu $1,13 pro Aktie bis zum 9. Juli 2025.

Third Federal Savings and Loan Association, die 1938 gegründet wurde, arbeitet nach Werten von Liebe, Vertrauen und Respekt. Zum 30. Juni 2024 beliefen sich die Vermögenswerte des Unternehmens auf insgesamt $17,03 Milliarden. Third Federal vergibt Kredite in 27 Bundesstaaten und D.C., mit 21 Filialen im Nordosten von Ohio, zwei Kreditbüros in Zentral- und Südohrio und 16 Filialen in Florida.

Positive
  • Declared quarterly cash dividend of $0.2825 per share
  • Mutual holding company waived dividend rights, benefiting other shareholders
  • Approval to waive dividends up to $1.13 per share through July 9, 2025
  • Company assets totaled $17.03 billion as of June 30, 2024
  • Extensive lending presence in 27 states and D.C.
Negative
  • None.

CLEVELAND--(BUSINESS WIRE)-- TFS Financial Corporation (NASDAQ: TFSL) (the “Company”), the holding company for Third Federal Savings and Loan Association of Cleveland (the “Association”), today announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on September 24, 2024, to stockholders of record on September 10, 2024.

Chairman and CEO Marc A. Stefanski (Photo: Business Wire)

Chairman and CEO Marc A. Stefanski (Photo: Business Wire)

Third Federal Savings and Loan Association of Cleveland, MHC (the “MHC”), the mutual holding company of the Company and owner of 227,119,132 shares, or 80.9% of the Company’s common stock outstanding, has waived its right to receive the dividend on its shares.

On July 9, 2024, the MHC received the approval of its members (depositors and certain loan customers of the Association) with respect to the waiver of dividends, and subsequently received the non-objection of the Federal Reserve Bank of Cleveland, to waive receipt of dividends on the Company’s common stock the MHC owns up to an aggregate amount of $1.13 per share during the twelve months subsequent to the members' approval (ie., through July 9, 2025). The MHC previously waived the receipt of dividends paid by the Company in an aggregate amount of $1.13 per share during the four quarters ending June 30, 2024.

Third Federal is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal’s mission is to help people achieve the dream of home ownership and financial security. It became part of a public company in 2007 and celebrated its 85th anniversary in May 2023. Third Federal, which lends in 27 states and the District of Columbia, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 full service branches throughout Florida. As of June 30, 2024, the Company’s assets totaled $17.03 billion.

This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, the Company’s plans regarding its dividends. These forward-looking statements involve risks and uncertainties that could cause the Company’s results to differ materially from management’s current expectations. The Company’s risks and uncertainties are detailed in its filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2023. Forward-looking statements are based on the beliefs and assumptions of our management and on currently available information. The Company undertakes no responsibility to publicly update or revise any forward-looking statement.

TFS Financial Corporation

Jennifer Rosa, (216) 429-5037

Source: Third Federal Savings and Loan

FAQ

What is the dividend amount and payment date for TFS Financial (TFSL)?

TFS Financial (TFSL) has declared a quarterly cash dividend of $0.2825 per share, payable on September 24, 2024, to stockholders of record on September 10, 2024.

How much of TFSL's common stock does the mutual holding company own?

The mutual holding company (MHC) owns 227,119,132 shares, or 80.9% of TFS Financial 's common stock outstanding.

What is the dividend waiver amount approved for TFSL's mutual holding company?

The mutual holding company received approval to waive receipt of dividends on the Company's common stock up to an aggregate amount of $1.13 per share through July 9, 2025.

How many states does Third Federal Savings and Loan Association lend in?

Third Federal Savings and Loan Association lends in 27 states and the District of Columbia.

What was the total asset value of TFS Financial as of June 30, 2024?

As of June 30, 2024, TFS Financial 's assets totaled $17.03 billion.

TFS Financial Corporation

NASDAQ:TFSL

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TFSL Stock Data

4.05B
280.71M
0.52%
90.7%
0.95%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States of America
CLEVELAND