FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW (OTC PINK: FFWC), parent of Crossroads Bank, has declared a quarterly cash dividend of $0.30 per share, payable on September 27, 2024, to shareholders of record on September 13, 2024. As of July 31, 2024, the company's book value per share was $43.43, with the stock closing at $34.50 on August 27, 2024. FFW reported assets of $561.5 million and shareholders' equity of $49.5 million as of July 31, 2024. The company operates through Crossroads Bank, offering banking services, investments, and securities products across seven Indiana locations, along with leasing and insurance services.

Positive

• Consistent quarterly dividend payment of $0.30 per share
• Book value per share ($43.43) higher than current stock price ($34.50)
• Substantial asset base of $561.5 million
• Diversified service offerings including banking, investments, leasing, and insurance

Negative

• None.

News Market Reaction

+2.90%

1 alert

+2.90% News Effect

On the day this news was published, FFWC gained 2.90%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WABASH, Ind., Aug. 28, 2024 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (8/27/24 Close: $34.50), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.30 per share of common stock. The dividend is payable September 27, 2024, to shareholders of record on September 13, 2024.

The book value of FFW Corporation stock was $43.43 per share as of July 31, 2024. The last reported trade of stock at the close of business on August 27, 2024, was $34.50 per share and the number of outstanding shares was 1,139,993 as of the same date. On July 31, 2024, the corporation had assets of $561.5 million and shareholders' equity of $49.5 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
Kirsten Pendarvis
Treasurer
(260) 563-3185

SOURCE: FFW Corporation

FAQ

What is FFW 's (FFWC) latest quarterly dividend amount?

FFW (FFWC) has announced a quarterly cash dividend of $0.30 per share of common stock.

When is the dividend payable for FFW (FFWC) shareholders?

The dividend is payable on September 27, 2024, to shareholders of record on September 13, 2024.

What was FFW 's (FFWC) book value per share as of July 31, 2024?

FFW 's (FFWC) book value per share was $43.43 as of July 31, 2024.

How much were FFW 's (FFWC) total assets as of July 31, 2024?

FFW (FFWC) reported total assets of $561.5 million as of July 31, 2024.