C&F Financial Corporation declares a 44-cent cash dividend, payable January 1, 2025, to shareholders recorded by December 13, 2024.
Quiver AI Summary
C&F Financial Corporation has announced a regular cash dividend of 44 cents per share, set to be paid on January 1, 2025, to shareholders who are on record as of December 13, 2024. The Board of Directors regularly evaluates the dividend amount and payout ratio considering economic conditions, capital needs, and anticipated earnings. C&F Financial Corporation operates C&F Bank, which has 32 banking offices and four commercial loan offices in eastern and central Virginia, along with various subsidiaries providing wealth management and loan services across multiple states. More information about their services and filings can be found on their website.
Potential Positives
- The declaration of a regular cash dividend of 44 cents per share highlights the company’s commitment to returning value to its shareholders.
- Paying dividends can signal financial stability and confidence in future earnings potential, which may attract more investors.
- The scheduled dividend payment date of January 1, 2025 indicates the company’s regular financial practices and enhances shareholder relations.
Potential Negatives
- The announcement of a cash dividend may indicate limited opportunities for reinvestment in the business, which could signal stagnation in growth prospects.
- The dividend payout ratio's continuous review in light of economic conditions suggests potential concerns about the stability and sustainability of future earnings.
- The company does not provide insight into expected economic conditions or specific future earnings projections, which may raise uncertainty among investors about its financial health.
FAQ
What is the recent dividend declared by C&F Financial Corporation?
The board of directors has declared a cash dividend of 44 cents per share.
When will the cash dividend be paid to shareholders?
The cash dividend will be payable on January 1, 2025.
What is the record date for the dividend payment?
The record date for the dividend payment is December 13, 2024.
How does C&F Financial determine its dividend payouts?
The Board reviews dividends based on economic conditions, capital requirements, and future earnings expectations.
What services does C&F Bank offer?
C&F Bank offers banking services, wealth management, mortgage origination, and vehicle loans throughout various states.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CFFI Insider Trading Activity
$CFFI insiders have traded $CFFI stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CFFI stock by insiders over the last 6 months:
- THOMAS F CHERRY (PRESIDENT & CEO) sold 2,000 shares.
- CHARLES ELIS OLSSON sold 500 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CFFI Hedge Fund Activity
We have seen 22 institutional investors add shares of $CFFI stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC removed 28,171 shares (-67.6%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 23,013 shares (-100.0%) from their portfolio in Q3 2024
- NORTHERN TRUST CORP removed 18,907 shares (-63.3%) from their portfolio in Q3 2024
- DAKOTA WEALTH MANAGEMENT removed 13,001 shares (-100.0%) from their portfolio in Q2 2024
- BLACKROCK, INC. removed 12,181 shares (-38.4%) from their portfolio in Q3 2024
- INVESCO LTD. removed 11,236 shares (-100.0%) from their portfolio in Q2 2024
- BANK OF NEW YORK MELLON CORP removed 10,293 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
TOANO, Va., Nov. 21, 2024 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 44 cents per share, which is payable January 1, 2025 to shareholders of record on December 13, 2024.
The Board of Directors of the Corporation continually reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.
About C&F
C&F Bank operates 32 banking offices and four commercial loan offices located throughout eastern and central Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia, North Carolina and West Virginia. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered in Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia from its headquarters in Henrico, Virginia.
Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com .
| Contact: |
Jason Long
Chief Financial Officer and Secretary (804) 843-2360 |
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