The Community Financial Co. (NASDAQ:TCFC) announced a quarterly dividend on Thursday, December 31st, Wall Street Journal reports. Shareholders of record on Monday, January 11th will be given a dividend of 0.125 per share by the financial services provider on Monday, January 25th. This represents a $0.50 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, January 8th.
The Community Financial has increased its dividend by 25.0% over the last three years and has raised its dividend every year for the last 1 years.
NASDAQ:TCFC opened at $26.48 on Friday. The firm has a market capitalization of $156.60 million, a price-to-earnings ratio of 10.81 and a beta of 0.74. The Community Financial has a 52-week low of $17.50 and a 52-week high of $35.99. The stock has a fifty day moving average of $26.65 and a 200 day moving average of $23.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.97 and a current ratio of 0.97.
Separately, Zacks Investment Research upgraded The Community Financial from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, December 16th.
About The Community Financial
The Community Financial Corporation operates as the bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. Its deposit products include savings, money market, demand deposit, IRA, SEP, and time deposit accounts. The company provides loan products, such as commercial real estate and other non-residential real estate, residential first mortgage, residential rental mortgage, construction and land development, home equity and second mortgage, commercial, consumer, and commercial equipment loans.
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