NASDAQ — Financial Services: Finance Insurance And Real Estate, Banks - Regional: Savings Institution Federally Chartered
www.thirdfederal.comTFS Financial Corporation has declared a cash dividend of $0.2825 per share of common stock, with a record date of June 10, 2025, and payment scheduled for June 24, 2025. The declaration was made by the Board of Directors on May 29, 2025. Notably, Third Federal Savings and Loan Association of Cleveland, the mutual holding company owning 80.9% of TFS's common stock, has waived its right to receive this dividend. This waiver aligns with a previous agreement allowing the MHC to opt out of receiving dividends for a total of $1.13 per share over a twelve-month period post member approval in July 2024.
Record Date for DividendTFS Financial Corporation announced a cash dividend of $0.2825 per share, scheduled for payment on June 24, 2025, to shareholders of record as of June 10, 2025. Notably, Third Federal Savings and Loan Association of Cleveland, the mutual holding company that owns approximately 80.9% of TFS Financial’s common stock, has waived its right to receive the dividend on its shares. This follows prior waivers and approvals that allow the mutual holding company to forgo dividends up to $1.13 per share within a specified period, reflecting its ongoing financial strategy. This dividend declaration is aimed at providing returns to minority shareholders amidst ongoing structural adjustments within the ownership framework.
Dividend PaymentTFS Financial Corporation's mutual holding company, Third Federal Savings and Loan Association of Cleveland, MHC, will hold a special meeting on July 8, 2025, to vote on a proposal to waive its right to receive quarterly dividends. If approved, this waiver could affect dividends totaling up to $1.13 per share that may be declared by the company during the following year.
Special Meeting