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TFS Financial Plans Special Meeting on Dividend Waiver

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TFS Financial Plans Special Meeting on Dividend Waiver

Confident Investing Starts Here:

TFS Financial ( (TFSL) ) just unveiled an announcement.

On May 29, 2025, TFS Financial Corporation announced that its mutual holding company, Third Federal Savings and Loan Association of Cleveland, MHC, will hold a special meeting on July 8, 2025, to vote on waiving its right to receive quarterly dividends up to $1.13 per share for the following year. This move, requiring annual member approval as per Federal Reserve regulations, aims to benefit customers, shareholders, and the company, although failure to obtain the waiver could reduce dividends for public stockholders.

The most recent analyst rating on (TFSL) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on TFS Financial stock, see the TFSL Stock Forecast page.

Spark’s Take on TFSL Stock

According to Spark, TipRanks’ AI Analyst, TFSL is a Neutral.

TFS Financial’s strong financial performance, characterized by consistent profitability and robust cash flow, is the primary contributor to the stock’s score. Technical analysis indicates neutral to slightly bullish trends, while the valuation reflects a high P/E ratio balanced by an attractive dividend yield. The absence of earnings call and corporate event data did not impact the score.

To see Spark’s full report on TFSL stock, click here.

More about TFS Financial

Third Federal is a leading provider of savings and mortgage products, founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski. It operates under the values of love, trust, respect, a commitment to excellence, and fun, with a mission to help people achieve homeownership and financial security. Third Federal lends in 27 states and the District of Columbia, with 21 full-service branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 full-service branches throughout Florida. As of March 31, 2025, the Company’s assets totaled $17.11 billion.

Average Trading Volume: 353,233

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.75B

For detailed information about TFSL stock, go to TipRanks’ Stock Analysis page.

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