C&F Financial Corporation Announces Increase in Quarterly Dividend

Rhea-AI Summary

C&F Financial (NASDAQ:CFFI) has announced a 5 percent increase in its quarterly cash dividend to 46 cents per share, up from the previous 44 cents. The dividend will be payable on April 1, 2025, to shareholders of record as of March 14, 2025.

The company operates through multiple subsidiaries: C&F Bank with 31 banking offices and four commercial loan offices in Virginia, C&F Wealth Management providing full wealth management services, C&F Mortgage offering mortgage loan origination services, and C&F Finance Company focusing on vehicle loans in the Mid-Atlantic, Midwest and Southern United States.

Positive

• 5% increase in quarterly dividend from 44 to 46 cents per share
• Extensive operational network with 31 banking offices and 4 commercial loan offices
• Diversified revenue streams through banking, wealth management, mortgage, and vehicle financing services

Negative

• None.

TOANO, Va., Feb. 20, 2025 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 46 cents per share, which is payable April 1, 2025 to shareholders of record on March 14, 2025. This dividend represents a 5 percent increase over the prior quarter’s dividend amount of 44 cents per share.

The Board of Directors of the Corporation continually reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.  

About C&F

C&F Bank operates 31 banking offices and four commercial loan offices located throughout eastern and central Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia and the surrounding states. C&F Finance Company is a regional finance company purchasing automobile, marine and recreational vehicle loans primarily in the Mid-Atlantic, Midwest and Southern United States from its headquarters in Henrico, Virginia.

Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com.

Contact:		Jason Long Chief Financial Officer and Secretary (804) 843-2360

FAQ

What is the new quarterly dividend amount for C&F Financial (CFFI)?

C&F Financial 's new quarterly dividend is 46 cents per share, representing a 5% increase from the previous 44 cents per share.

When will CFFI's increased dividend be paid to shareholders?

The dividend will be paid on April 1, 2025, to shareholders of record as of March 14, 2025.

How many banking offices does C&F Financial operate?

C&F Bank operates 31 banking offices and four commercial loan offices throughout eastern and central Virginia.

What geographical regions does C&F Finance Company serve for vehicle loans?

C&F Finance Company operates primarily in the Mid-Atlantic, Midwest and Southern United States, providing automobile, marine and recreational vehicle loans.

What is the percentage increase in CFFI's quarterly dividend for 2025?

CFFI's quarterly dividend increased by 5%, from 44 cents to 46 cents per share.