CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES 14% INCREASE IN ITS QUARTERLY CASH DIVIDEND AND ITS ADDITION TO RUSSELL 3000® INDEX

Rhea-AI Summary

CF Bankshares Inc. (NASDAQ: CFBK), the parent company of CFBank, NA, has announced two significant developments. The company declared a quarterly cash dividend of $0.08 per share on its common stock and $8.00 per share on its Series D preferred stock, representing a 14% increase from the previous quarter. The dividend will be paid on July 21, 2025, to shareholders of record as of July 11, 2025.

Additionally, CF Bankshares has been added to the Russell 3000® Index, effective June 30, 2025, as part of the 2025 Russell indexes reconstitution. This inclusion is significant as Russell indexes are widely utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

Positive

• Quarterly dividend increased by 14%
• Addition to the Russell 3000® Index, increasing visibility to institutional investors
• Management indicates continuing growth and success of the franchise

Negative

• None.

News Market Reaction – CFBK

+0.71%

+0.71% Session move

In the trading session that priced this news, CFBK gained 0.71%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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COLUMBUS, Ohio, July 1, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, today announced that the Board of Directors of the Company declared an $0.08 per share quarterly cash dividend on its common stock and a corresponding $8.00 per share quarterly cash dividend on its Series D preferred stock. This represents a 14% increase over its previous quarterly dividend. The dividend is payable on July 21, 2025 to shareholders of record as of the close of business on July 11, 2025.

The Company also announced its addition as a member of the broad-market Russell 3000® Index, effective after the US market opened on June 30, as part of the 2025 Russell indexes reconstitution. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

Timothy T. O'Dell, President and CEO, commented, "We are pleased to reward our shareholders with a 14% increase in our dividend, which enhances total shareholder returns. In addition, our Stock Ticker CFBK (Nasdaq), has begun trading as part of the Russell 3000 Index as of June 30th. Both our joining the Russell Index as well as the increase in the Dividend reflect upon the continuing growth and successes of our CFBank franchise."

About CF Bankshares Inc. and CFBank

CF Bankshares Inc. (the "Company") is a holding company that owns 100% of the stock of CFBank, National Association ("CFBank"). CFBank is a nationally chartered boutique Commercial bank operating primarily in Five (5) Major Metro Markets: Columbus, Cleveland, Cincinnati, and Akron Ohio, and Indianapolis, Indiana. The current Leadership Team and Board recapitalized the Company and CFBank in 2012 during the financial crisis, repositioning CFBank as a full-service Commercial Bank model. Since the 2012 recapitalization, CFBank has achieved a CAGR in excess of 20%.

CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing a comprehensive Commercial, Retail, and Mortgage Lending services presence. In all regional markets, CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products. CFBank is differentiated by our penchant for individualized service coupled with direct customer access to decision-makers, and ease of doing business. CFBank matches the sophistication of much larger banks, without the bureaucracy.

Additional information about the Company and CFBank is available at www.CF.Bank

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SOURCE CF BANKSHARES INC.

FAQ

What is the new quarterly dividend amount for CF Bankshares (CFBK)?

CF Bankshares announced a quarterly cash dividend of $0.08 per share for common stock and $8.00 per share for Series D preferred stock.

When will CFBK's new dividend be paid?

The dividend will be paid on July 21, 2025 to shareholders of record as of July 11, 2025.

When did CF Bankshares (CFBK) join the Russell 3000 Index?

CF Bankshares was added to the Russell 3000® Index effective June 30, 2025, as part of the 2025 Russell indexes reconstitution.

How much did CF Bankshares (CFBK) increase its dividend?

CF Bankshares increased its quarterly dividend by 14% compared to the previous quarter.