CF Bankshares Inc. Plans Quarterly Dividend of $0.09 (NASDAQ:CFBK)

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of 0.09 per share by the savings and loans company on Tuesday, July 21st. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, July 13th.

CF Bankshares has raised its dividend payment by an average of 0.6%annually over the last three years and has increased its dividend every year for the last 4 years. CF Bankshares has a dividend payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Analysts expect CF Bankshares to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 8.6%.

CF Bankshares Price Performance

Shares of CFBK stock traded up $0.13 on Wednesday, reaching $32.90. The company’s stock had a trading volume of 85,142 shares, compared to its average volume of 53,703. The company has a market capitalization of $211.22 million, a P/E ratio of 11.83 and a beta of 0.42. CF Bankshares has a 12-month low of $22.10 and a 12-month high of $34.33. The stock’s 50 day simple moving average is $29.09 and its 200-day simple moving average is $28.69. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.61.

CF Bankshares (NASDAQ:CFBK) last announced its earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.The business had revenue of $14.81 million during the quarter, compared to the consensus estimate of $16.40 million. As a group, equities analysts predict that CF Bankshares will post 3.62 earnings per share for the current fiscal year.

About CF Bankshares

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.