C&F Financial Corporation Declares New Cash Dividend for Investors
Cash Dividend Announcement by C&F Financial Corporation
C&F Financial Corporation (NASDAQ: CFFI), based in Toano, Virginia, has recently made a significant announcement regarding its financial strategy. The company’s board of directors has declared a regular cash dividend of 44 cents per share. This dividend is set to be payable on January 1, 2025, to shareholders who are recorded as of December 13, 2024.
Understanding the Board’s Dividend Strategy
In the ever-changing landscape of finance, the C&F Financial Corporation board is committed to regular reviews of the dividend payouts. This approach takes into account various factors, including economic conditions, capital requirements, and anticipated future earnings.
Overview of C&F’s Operations
The Corporation operates a robust banking framework. C&F Bank runs 32 banking offices and four commercial loan offices across eastern and central Virginia. Its services extend beyond basic banking; C&F Wealth Management, Inc., a subsidiary, offers extensive wealth management services tailored to customer needs. Moreover, through C&F Mortgage Corporation and C&F Select LLC, the company provides mortgage loan origination services in Virginia, North Carolina, and West Virginia.
Expanding Financial Services
C&F Finance Company plays a crucial role in the Corporation’s service offerings by providing automobile, marine, and recreational vehicle loans. Their indirect lending programs cover a broad geographical spectrum, including states such as Alabama, Florida, and Texas among others, showcasing the company's extensive reach.
Accessibility of Information
For those seeking more information on C&F Financial Corporation’s diverse product offerings and services, detailed insights can be found on their official website. Here, stakeholders can access a range of filings and resources pertinent to the Corporation.
Contact Information
Key Contact for Inquiries
For more information concerning the dividend and other shareholder inquiries, the following contact is provided:
Jason Long
Chief Financial Officer and Secretary
(804) 843-2360
Frequently Asked Questions
What is the amount of the declared cash dividend?
The declared cash dividend is 44 cents per share.
When will the dividend be paid?
The cash dividend will be payable on January 1, 2025.
Who will receive the dividend?
Shareholders of record on December 13, 2024, will receive the dividend.
What factors influence the dividend payout amounts?
The Board reviews economic conditions, capital requirements, and expected future earnings to determine dividend amounts.
How can I find more information about C&F Financial Corporation?
Additional information can be accessed on the Corporation's official website and through their public filings.
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