C&F Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

C&F Financial Corporation (NASDAQ:CFFI) has declared a regular cash dividend of 44 cents per share. The dividend is payable on October 1, 2023, to shareholders of record on September 15, 2023.

TOANO, Va., Aug. 16, 2023 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 44 cents per share, which is payable October 1, 2023 to shareholders of record on September 15, 2023.

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, 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, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia 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 dividend per share declared by C&F Financial Corporation?

C&F Financial Corporation has declared a dividend of 44 cents per share.

When will the dividend be payable?

The dividend will be payable on October 1, 2023.

Who are the shareholders eligible for the dividend?

Shareholders of record on September 15, 2023, are eligible for the dividend.

How does the board of directors determine the dividend amount?

The board of directors reviews the amount of cash dividends per share based on economic conditions, capital requirements, and expected future earnings.