C&F Financial Corporation Announces Quarterly Dividend
Rhea-AI Summary
The board of directors of CFFI has declared a cash dividend of 38 cents per share, payable on July 1, 2020, to shareholders of record on June 15, 2020. This decision reflects a continual review of cash dividends, balancing economic conditions with capital requirements and expected earnings. C&F operates 30 retail branches and three commercial loan offices in Virginia, offering a range of financial services, including mortgage and wealth management services through subsidiaries.
Positive
- Declared a cash dividend of 38 cents per share, indicating commitment to returning value to shareholders.
Negative
- None.
News Market Reaction – CFFI
In the trading session that priced this news, CFFI declined 4.72%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WEST POINT, Va., May 20, 2020 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a regular cash dividend of 38 cents per share, which is payable July 1, 2020 to shareholders of record on June 15, 2020.
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 30 retail bank branches and three commercial loan offices located throughout the Hampton to Charlottesville corridor and the Northern Neck region in 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, Maryland, North Carolina, South Carolina and West Virginia. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered in Alabama, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia and West Virginia through its offices in Richmond and Hampton, 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 |