TOPEKA, Kan.--(BUSINESS WIRE)--
Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the "Company") announced
today that its Board of Directors has declared a True Blue Capitol
dividend of $0.25 per share on outstanding CFFN common stock. The cash
dividend will be paid on June 28, 2019 to stockholders of record as of
the close of business on June 14, 2019. The True Blue Capitol dividend
is the result of the Board of Directors’ continued commitment to return
value to our stockholders.
The Board of Directors of Capitol Federal Savings Bank (the "Bank") also
announced today that it has voted to make a capital distribution to CFFN
in the amount of $36.0 million, which was paid by May 31, 2019. This
additional capital distribution will allow CFFN to pay the $0.25 per
share True Blue Capitol dividend.
For fiscal year 2019, it is the intent of the Board of Directors and
management to continue the payout of 100% of the Company's earnings to
its stockholders. The payout is expected to be in the form of regular
quarterly cash dividends and a cash true-up dividend equal to fiscal
year 2019 earnings in excess of the amount paid as regular quarterly
cash dividends during fiscal year 2019. It is anticipated that the
fiscal year 2019 cash true-up dividend will be paid in December 2019.
Dividend payments depend upon a number of factors including the
Company's financial condition and results of operations, regulatory
capital requirements, regulatory limitations on the Bank's ability to
make capital distributions to the Company, and the amount of cash at the
holding company.
Capitol Federal Financial, Inc. is the holding company for the Bank. The
Bank has 54 branch locations in Kansas and Missouri, and is one of the
largest residential lenders in the State of Kansas. News and other
information about the Company can be found on the Internet at the Bank's
website, http://www.capfed.com.
Except for the historical information contained in this press release,
the matters discussed may be deemed to be "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements about our
beliefs, plans, objectives, goals, expectations, anticipations,
estimates and intentions. The words "may," "could," "should," "would,"
"will," "believe," "anticipate," "estimate," "expect," "intend," "plan,"
and similar expressions are intended to identify forward-looking
statements. Forward-looking statements that involve risks and
uncertainties, including changes in economic conditions in the Company's
market area, changes in policies or the application or interpretation of
laws and regulations by regulatory agencies and tax authorities, other
governmental initiatives affecting the financial services industry,
changes in accounting principles, policies or guidelines, fluctuations
in interest rates, demand for loans in the Company's market area, the
future earnings and capital levels of the Bank, which would affect the
ability of the Company to pay dividends in accordance with its dividend
policies, competition, and other risks detailed from time to time in
documents filed or furnished by the Company with the SEC. Actual results
may differ materially from those currently expected. These
forward-looking statements represent the Company's judgment as of the
date of this release. The Company disclaims, however, any intent or
obligation to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190604005356/en/
Kent Townsend
Executive Vice President, Chief Financial Officer and
Treasurer
(785) 231-6360
ktownsend@capfed.com
Investor
Relations
(785) 270-6055
investorrelations@capfed.com
Source: Capitol Federal Financial, Inc.