TFS Financial Corp Declares Dividend; Major Shareholder Forgoes Rights

TFS Financial Corp (TFSL) has released an update.

TFS Financial Corporation has announced a cash dividend of $0.2825 per share, payable on March 21, 2024, to shareholders on record as of March 7, 2024. The major shareholder, Third Federal Savings and Loan Association of Cleveland, has opted to forgo its dividend rights, following member approval and regulatory non-objection. This waiver continues the trend from previous quarters, aligning with the mutual holding company’s agreement to waive dividends up to a total of $1.13 per share over a year.

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