FFW Corp. announced today that it has approved a quarterly cash dividend of $0.22 for each common stock held. The dividend will be distributed to shareholders on December 31, 2008 if they are on record December 12, 2008. This quarter’s dividend is 4.76% greater than last year’s same quarter dividend of $0.21 per share.
According to the press release, the book value of the company was $18.31 per share as of the end of last month. Shares are currently trading at $11, presenting investors with an undervalued investment opportunity. As of October 31, 2008, FFW Corp. has assets of $315.5 million and shareholders’ equity of $20.4 million.
FFW Corp. is focused on operating as the holding company of First Federal Savings Bank of Wabash. The bank provides a broad range of financial products and services, including various deposit accounts, money market savings, NOW, money market checking, regular checking, certificate accounts, mortgage loans, consumer loans, commercial and multifamily real estate loans, construction loans, and commercial business loans.
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