dividend
confidence high
sentiment neutral
materiality 0.50
TFS Financial declares $0.2825 quarterly dividend; MHC waives receipt on 81% stake
TFS Financial CORP
- Quarterly dividend of $0.2825 per share, payable Sept 26, 2023, to holders of record Sept 12, 2023.
- Mutual holding company (MHC) owns 227,119,132 shares (81%) and waived its right to receive the dividend.
- MHC's waiver approved by members and non-objected by Fed Reserve Bank of Cleveland through July 11, 2024.
- Aggregate waiver cap of $1.13 per share over 12 months; MHC also waived dividends for four quarters ending June 30, 2023.
- As of June 30, 2023, company assets totaled $16.59 billion.