C&F Financial (CFFI) Declares $0.30 Quarterly Dividend; Approves $5M Common Buyback Plan

C&F Financial (NASDAQ: CFFI) declared a quarterly dividend of $0.30 per share, or $1.2 annualized.

The dividend will be payable on July 1, 2015, to stockholders of record on June 15, 2015, with an ex-dividend date of June 11, 2015.

The annual yield on the dividend is 3.3 percent.

In addition, the board of directors has reauthorized the Company's share repurchase program to purchase up to $5 million of the Company's common stock. Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and shares repurchased will be returned to the status of authorized and unissued shares of common stock. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, applicable legal requirements and other conditions, and there is no assurance that the Company will purchase any shares under the program. The current share repurchase program is authorized through May of 2016.

For a dividend history and other dividend-related data on C&F Financial (CFFI) click here.

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