dividend
confidence high
sentiment neutral
materiality 0.50
TFS Financial declares $0.2825/share quarterly dividend; MHC waives receipt on 80.9% of shares
TFS Financial CORP
- Cash dividend $0.2825 per share payable March 21, 2024 to holders of record March 7, 2024.
- MHC, owning 80.9% of TFSL shares (227.1M shares), waives its right to receive this dividend.
- MHC has approval to waive up to $1.13/share through July 11, 2024; already waived $0.5650 in prior two quarters.
- Minority shareholders (approx 19.1% of shares) will receive the cash dividend as announced.