Capitol Federal Financial, Inc.® announces True Blue® Capitol Dividend

TOPEKA, Kan .– (COMMERCIAL THREAD) – Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the “Company”) today announced that its board of directors has declared a True Blue Capitol dividend of $ 0.40 per share on the common shares in CFFN circulation. The cash dividend will be paid on June 25, 2021 to shareholders of record at the close of business on June 11, 2021.

In 2020, given the economic uncertainty, the Company elected to defer its True Blue Capitol dividend. Today, economic conditions have improved and, thanks to the Board’s continued commitment to delivering value to our shareholders, the company has decided to pay a dividend to True Blue Capitol.

The board of directors of the Capitol Federal Savings Bank (the “Bank”) also announced today that it has voted in favor of a distribution of capital to CFFN in the amount of $ 56.0 million, which will be paid by June 25, 2021. This additional capital distribution will allow CFFN to pay the dividend of $ 0.40 per share of True Blue Capitol. The cash dividend of $ 0.40 per share represents a cash dividend of $ 0.20 per share for fiscal 2020 and a cash dividend of $ 0.20 per share for fiscal 2021.

For the 2021 financial year, it is the intention of the Board of Directors to continue paying 100% of the Company’s profits to the Company’s shareholders. Payment is expected to be in the form of regular quarterly cash dividends of $ 0.085 per share, totaling $ 0.34 for the year, and a cash dividend equal to earnings for fiscal 2021 in addition to the amount paid in the form quarterly cash dividend in fiscal 2021. The fiscal year 2021 adjustment cash dividend is expected to be paid in December 2021. Dividend payments depend on a number of factors, including the financial condition and results of operations of the Company, regulatory capital requirements, regulatory limitations on the ability of the Bank to make distributions of capital to the Company and the amount of cash held by the holding company .

Capitol Federal Financial, Inc. is the holding company of the Bank. The bank has 54 branches in Kansas and Missouri and is one of the largest residential lenders in the state of Kansas. News and other information concerning the Company can be consulted on the Internet on the Bank’s website, http://www.capfed.com.

With the exception of historical information contained in this press release, the matters discussed may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, our plans , objectives, goals, expectations, expectations, estimates and intentions. The words “may”, “could”, “should”, “should”, “will”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including changes in economic conditions in the Company’s market sector, changes in policies or the application or interpretation of laws and regulations by regulatory bodies and tax authorities, other government initiatives affecting the financial services industry, changes in accounting principles, policies or guidelines, fluctuations in interest rates, demand for loans in the Company’s market, future profits and capital levels of the Bank, which would affect the Company’s ability to pay dividends in accordance with its dividend policies, competition, and other risks detailed from time to time in documents filed or provided by the Company with the DRY. Actual results may differ materially from those currently expected. These forward-looking statements represent the judgment of the Company as of the date of this press release. However, the Company disclaims any intention or obligation to update these forward-looking statements.

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