FFW Corporation Declares Quarterly Cash Dividend
FFW Corporation (OTC PINK: FFWC), the parent corporation of Crossroads Bank, is pleased to announce a quarterly cash dividend of $0.30 per share for its common stock. This dividend will be distributed on a specified date to shareholders who are officially recorded by the cut-off day.
Financial Highlights of FFW Corporation
As of the end of April this year, the book value of FFW Corporation's stock stood at $45.06 per share. Recent transactions indicate that the last trade of stock closed at $40.30 per share. With 1,086,281 shares existing at that time, it’s evident that FFW Corporation has maintained a stable market presence.
Assets and Equity Overview
On the same date, the corporation reported having total assets amounting to $567 million, alongside shareholders' equity of $49 million. This robust financial framework showcases the strength and stability of the corporation, promising potential growth and continued dividends in the future.
The Role of Crossroads Bank
Crossroads Bank, fully owned by FFW Corporation, plays a critical role in providing a variety of banking services along with diverse investment and securities products. It operates from its central office in Wabash and spans several locations across Indiana, ensuring that they meet the financial needs of many communities. Customers can also access leasing services at all of their banking sites and a suite of insurance products through their affiliate, Insurance 1 Services, Inc.
Commitment to Shareholders
The Board of FFW Corporation and Crossroads Bank are dedicated to reassessing the dividend payment on a quarterly basis. This continual evaluation reflects the company’s ongoing commitment to its shareholders and their financial growth.
Contact Information for Inquiries
For further details regarding the dividend announcement or other corporate inquiries, shareholders and interested parties may reach out to:
Stacy Wiley
Treasurer
(260) 563-3185
Frequently Asked Questions
What is the amount of the dividend declared by FFW Corporation?
The declared quarterly cash dividend is $0.30 per share of common stock.
When will the dividend be paid?
The dividend is scheduled to be paid on a specified date to shareholders recorded by an earlier cut-off date.
What is the current stock price of FFW Corporation?
The last reported closing price of FFW Corporation stock was $40.30 per share.
How does Crossroads Bank relate to FFW Corporation?
Crossroads Bank is a wholly owned subsidiary of FFW Corporation, providing banking and investment services.
Who can I contact for more information?
For inquiries, you can contact Stacy Wiley, Treasurer, at (260) 563-3185.
