CF Bankshares Inc. (NASDAQ:CFBK) Increases Dividend to $0.07 Per Share

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Friday, October 11th will be paid a dividend of 0.07 per share by the savings and loans company on Saturday, October 19th. This represents a $0.28 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, October 11th. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06.

CF Bankshares has raised its dividend payment by an average of 97.2% per year over the last three years.

CF Bankshares Price Performance

Shares of CFBK stock remained flat at $21.65 on Wednesday. The company had a trading volume of 468 shares, compared to its average volume of 4,522. The stock’s fifty day moving average is $21.48 and its two-hundred day moving average is $19.98. CF Bankshares has a twelve month low of $14.69 and a twelve month high of $22.90. The company has a market cap of $110.96 million, a P/E ratio of 9.02 and a beta of 0.56. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.95.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings data on Tuesday, August 6th. The savings and loans company reported $0.26 earnings per share for the quarter. CF Bankshares had a net margin of 10.79% and a return on equity of 8.35%. The firm had revenue of $12.59 million for the quarter.

About CF Bankshares

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.