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TFS Financial declares dividend.

Global Banking News-September 1, 2017--TFS Financial declares dividend

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Global Banking News - 01 September 2017

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TFS Financial Corporation (NASDAQ: TFSL), the holding company for Third Federal Savings and Loan Association of Cleveland, has said that its board of directors has declared a quarterly cash dividend of USD0.17 per share.

The dividend will be payable on September 25, 2017, to stockholders of record as of September 11, 2017.

Third Federal Savings and Loan Association of Cleveland, MHC, the company's mutual holding company that owns 227,119,132 shares, or 81.0 percent of the company's common stock outstanding, has waived its right to receive the dividend on its shares. The MHC had earlier waived an aggregate amount of USD0.50 per share during the four quarters ending June 30, 2017.

With assets of USD13.5bn as of June 30, 2017, Third Federal Savings and Loan Association is a provider of savings and mortgage products that operates in 21 states and the District of Columbia. Third Federal has 21 full service branches in Northeast Ohio, 8 lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida.

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Publication:Global Banking News (GBN)
Date:Sep 1, 2017
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