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TFS Financial declares dividend.

BANKING AND CREDIT NEWS-September 5, 2018-TFS Financial declares dividend

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Board of directors of TFS Financial Corporation (NASDAQ: TFSL) has declared a quarterly cash dividend of USD 0.25 per share, payable on September 24, 2018 to stockholders of record on September 10, 2018, the company said.

The USD 0.25 dividend is a 47% increase from the previous quarterly dividend paid by the company during the June 30, 2018 quarter.

Third Federal Savings and Loan Association of Cleveland, MHC (the "MHC"), the mutual holding company of the company and owner of 227,119,132 shares, or 81% of the company's common stock outstanding, has waived its right to receive the dividend on its shares.

TFS Financial Corporation (NASDAQ: TFSL) is the holding company for Third Federal Savings and Loan Association of Cleveland Third Federal Savings and Loan Association, a provider of savings and mortgage products.

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Publication:M2 Banking & Credit News (BCN)
Date:Sep 5, 2018
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