TFS FINANCIAL CORPORATION (NASDAQ:TFSL) Files An 8-K Other Events
Item 8.01>>>>>>>Other Events
TFS Financial Corporation (the Company) declared a cash dividend
of $0.125 per share of common stock. The dividend is payable on
June 23, 2017 to shareholders of record as of June 9, 2017. A
press release announcing the details of the dividend declaration
is attached as exhibit 99.1.
Cleveland, MHC (the MHC), the mutual holding company of the
Company and owner of 227,119,132 shares, or 80% of the Companys
common stock outstanding, has waived its right to receive the
dividend on its shares.
approval of its members (depositors and certain loan customers of
the Association) with respect to the waiver of dividends, and
subsequently received the non-objection of the Federal Reserve
Bank of Cleveland, to waive receipt of dividends on the Companys
common stock the MHC owns up to $0.50 per share during the four
quarters ending June 30, 2017. The MHC previously waived the
receipt of a $0.125 dividend paid by the Company on September 19,
2016, December 12, 2016 and March 20, 2017.
accompanying exhibit shall not be incorporated by reference into
any filing of the Company, whether made before or after the date
hereof. The information in this report, including the exhibit
hereto, shall not be deemed to be filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section or Sections
11 and 12(a) (2) of the Securities Act of 1933, as amended.
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99.1
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Press Release dated May 25, 2017.
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About TFS FINANCIAL CORPORATION (NASDAQ:TFSL)
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering and other financial services. Its principal lending activity is the origination of fixed-rate and adjustable-rate, first mortgage loans to purchase or refinance residential real estate in its markets in Ohio, Florida and selected counties in Kentucky. It originates residential construction loans to individuals and originates home equity loans and lines of credit in Ohio and Florida. It offers various loans, including residential real estate mortgage loans, home equity loans and home equity lines of credit and construction loans. TFS FINANCIAL CORPORATION (NASDAQ:TFSL) Recent Trading Information
TFS FINANCIAL CORPORATION (NASDAQ:TFSL) closed its last trading session down -0.04 at 16.01 with 86,730 shares trading hands.