TFS Financial Corporation Declares $0.2825 Quarterly Dividend; MHC to Waive Receipt on Majority Shares
Marc A. Stefanski, Chairman and CEO, TFS Financial Corporation • Photo Credit: TFS Financial Corporation
CLEVELAND, May 29, 2025 (FINANCE INTERVIEWS) — Financial services company TFS Financial Corporation has declared a quarterly cash dividend of $0.2825 per share, payable on June 24, 2025, to stockholders of record as of June 10, 2025.
The company, which operates as the holding entity for Third Federal Savings and Loan Association of Cleveland, also confirmed that its mutual holding company, Third Federal Savings and Loan Association of Cleveland, MHC, will waive its right to receive the dividend on its 227,119,132 shares. These shares represent approximately 80.9% of the company’s common stock outstanding.
According to the company, the MHC received approval from its members on July 9, 2024, to waive dividends up to $1.13 per share for the twelve months following that date. The Federal Reserve Bank of Cleveland later issued a notice of non-objection. Previously, the MHC waived dividends totaling $0.8475 per share for the quarters ending September 30, 2024, December 31, 2024, and March 31, 2025.
Third Federal was founded in 1938 in Cleveland and became part of a public company in 2007. As of March 31, 2025, the company reported total assets of $17.11 billion. It provides savings and mortgage products and operates branches in Ohio and Florida, with lending services available in 27 states and the District of Columbia.
For more information, visit www.thirdfederal.com.
Source: TFS Financial Corporation
