Business
CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES 14% INCREASE IN ITS QUARTERLY CASH DIVIDEND AND ITS ADDITION TO RUSSELL 3000® INDEX
CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, today announced that the Board of Directors of the Company declared an $0.08 per share quarterly cash dividend on its common stock and a corresponding $8.00 per share quarterly cash dividend on its Series D preferred stock. This represents a 14% increase over its previous quarterly dividend. The dividend is payable on July 21, 2025 to shareholders of record as of the close of business on July 11, 2025.
About this update from Cf Bankshares Inc.
[{"type":"text","content":"COLUMBUS, Ohio, July 1, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, today announced that the Board of Directors of the Company declared an $0.08 per share quarterly cash dividend on its common stock and a corresponding $8.00 per share quarterly cash dividend on its Series D preferred stock. This represents a 14% increase over its previous quarterly dividend. The dividend is payable on July 21, 2025 to shareholders of record as of the close of business on July 11, 2025.","length":537,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/CF Bankshares Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/CF Bankshares Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":71,"url":"https://media.zenfs.com/en/prnewswire.com/90cbbd72eb364c6ca55f5deab7b1a877"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z1mg53PfHNOHwLYmkGzMOQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEyNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/90cbbd72eb364c6ca55f5deab7b1a877","width":400,"height":71}},"href":"https://mma.prnewswire.com/media/1220151/CF_Bankshares_Inc_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company also announced its addition as a member of the broad-market Russell 3000® Index, effective after the US market opened on June 30, as part of the 2025 Russell indexes reconstitution. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.","length":344,"tagName":"p"},{"type":"text","content":"Timothy T. O'Dell, President and CEO, commented, "We are pleased to reward our shareholders with a 14% increase in our dividend, which enhances total shareholder returns. In addition, our Stock Ticker CFBK (Nasdaq), has begun trading as part of the Russell 3000 Index as of June 30th. Both our joining the Russell Index as well as the increase in the Dividend reflect upon the continuing growth and successes of our CFBank franchise."","length":463,"tagName":"p"},{"type":"text","content":"About CF Bankshares Inc. and CFBank","length":35,"tagName":"p"},{"type":"text","content":"CF Bankshares Inc. (the "Company") is a holding company that owns 100% of the stock of CFBank, National Associ...