FFW Corporation Declares Quarterly Cash Dividend
FFW Corporation (OTC PINK: FFWC), the parent corporation of Crossroads Bank, has declared a quarterly cash dividend of $0.30 per share for its shareholders. This announcement marks a significant moment for investors as the dividend is scheduled for payout on September 27, 2024, to shareholders who are on record as of September 13, 2024.
Financial Overview of FFW Corporation
As of July 31, 2024, FFW Corporation reported a book value of $43.43 per share. The stock closed at $34.50 at the end of business on August 27, 2024. The corporation had approximately 1,139,993 shares outstanding at that time. Additionally, FFW Corporation holds assets totaling $561.5 million and boasts shareholders' equity of $49.5 million. The Board continues to monitor the potential for quarterly dividend payments.
Crossroads Bank: A Trusted Financial Institution
Crossroads Bank operates as a wholly owned subsidiary of FFW Corporation, extending a diverse range of banking services. With its main office in Wabash and six additional banking centers located across Indiana, Crossroads Bank offers a comprehensive suite of financial products, including various investments and securities.
Banking Services Offered by Crossroads Bank
Crossroads Bank provides leasing services across all banking centers, catering to both personal and commercial needs. The subsidiary also facilitates insurance products through its affiliated entity, Insurance 1 Services, Inc., further enriching the financial solutions offered to its clientele.
The Importance of the Dividend
The announcement of the quarterly cash dividend signifies a commitment to returning value to shareholders. This decision aligns with FFW Corporation’s goal to maintain shareholder confidence through consistent financial performance and strategic evaluations by the board of directors.
Conclusion
FFW Corporation continues to assess its dividend payout strategy in light of its financial health and market conditions. The declaration of the quarterly dividend at $0.30 per share reflects the confidence in the bank's operations and financial stability. Investors are encouraged to stay informed on the forthcoming payments and the overall market standing of the corporation as it progresses.
Frequently Asked Questions
What is the amount of the declared dividend by FFW Corporation?
FFW Corporation has declared a quarterly cash dividend of $0.30 per share.
When will the dividend be payable?
The dividend is set to be payable on September 27, 2024, to shareholders of record as of September 13, 2024.
What is the book value of FFW Corporation stock?
The book value of FFW Corporation stock was reported at $43.43 per share as of July 31, 2024.
How many outstanding shares does FFW Corporation have?
As of August 27, 2024, FFW Corporation has approximately 1,139,993 outstanding shares.
What banking services does Crossroads Bank provide?
Crossroads Bank offers a variety of banking services including leasing, investments, securities products, and insurance through its subsidiary.
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