FFW Corporation Announces Quarterly Cash Dividend

FFW Corporation (OTC PINK: FFWC) has declared a quarterly cash dividend of $0.26 per share, payable on September 30, 2021, to shareholders of record on September 16, 2021.

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) has declared a quarterly cash dividend of $0.26 per share, payable on September 30, 2021, to shareholders of record on September 16, 2021. As of July 31, 2021, the book value of FFWC stock stood at $47.10 per share, with the last reported trading price at $46.00. The company reported total assets of $493.0 million and shareholders' equity of $54.0 million. The Board will continue to assess quarterly dividend payments.

Positive

• Declared a quarterly cash dividend of $0.26, enhancing shareholder returns.
• Book value of $47.10 per share indicates potential for stock appreciation.

Negative

• Last reported stock price of $46.00 is below the book value, suggesting potential undervaluation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WABASH, Ind., Aug. 25, 2021 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (08/24/2021 Close: $46.00), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.26 per share of common stock. The dividend is payable September 30, 2021 to shareholders of record on September 16, 2021.

The book value of FFW Corporation stock was $47.10 per share as of July 31, 2021. The last reported trade of stock at the close of business on August 24, 2021 was $46.00 per share and the number of outstanding shares was 1,146,045 as of the same date. On July 31, 2021, the corporation had assets of $493.0 million and shareholders' equity of $54.0 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

Crossroads Bank is a wholly owned subsidiary of FFW Corporation providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse and Warsaw. The Bank also provides leasing services at each of its banking centers. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.” Our website address is www.crossroadsbanking.com. Crossroads Bank, Member FDIC.

FOR MORE INFORMATION
Emily Boardman
Treasurer
(260) 563-3185

SOURCE: FFW Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is the dividend for FFW Corporation payable?

The dividend is payable on September 30, 2021.

What is the dividend amount declared by FFW Corporation?

FFW Corporation has declared a dividend of $0.26 per share.

What is the book value of FFW Corporation stock?

The book value of FFW Corporation stock is $47.10 per share as of July 31, 2021.

What is the last reported trade price of FFW Corporation stock?

The last reported trade price of FFW Corporation stock was $46.00 per share.