CF Bankshares board increases quarterly dividend 17% to 7c per share

CF Bankshares announced that the Board of Directors of the Company declared a $0.07 per share quarterly cash dividend on its common stock and a corresponding $7.00 per share quarterly cash dividend on its Series D preferred stock. This represents a 17% increase over its previous quarterly dividend. The dividend is payable on October 19, 2024 to shareholders of record as of the close of business on October 11, 2024. Timothy T. O’Dell, President and CEO, commented, “We are pleased to reward our shareholders with a 17% increase in our dividend, which enhances total shareholder returns. We appreciate your confidence and support!”