TFS Financial Declares $0.2825 Quarterly Dividend

TFS Financial Corporation (NASDAQ: TFSL), the holding company for Third Federal Savings and Loan Association of Cleveland, a savings and mortgage products provider, declared a quarterly cash dividend of $0.2825 per share on February 26, 2026. The dividend is payable March 25 to shareholders of record as of March 11. Read more dividend announcements.

Third Federal Savings and Loan Association of Cleveland, MHC, the mutual holding company that owns 227,119,132 shares or 81% of TFS Financial's outstanding common stock, has waived its right to receive the dividend on its shares. The waiver means only the publicly traded minority shareholders will receive the payment.

Dividend Waiver Structure

The mutual holding company received approval from its members — depositors and certain loan customers of the Association — on July 8, 2025, to waive receipt of dividends up to an aggregate amount of $1.13 per share during the twelve months following that approval. The Federal Reserve Bank of Cleveland subsequently issued a non-objection to the waiver.

The MHC previously waived dividends totaling $0.565 per share during the quarters ending September 30, 2025, and December 31, 2025. With the current declaration of $0.2825 per share, the cumulative waived amount reaches $0.8475 per share of the $1.13 approved limit.

Founded in Cleveland in 1938 as a mutual association, Third Federal became part of a public company in 2007. The company operates as a provider of savings and mortgage products.