Amalgamated Financial Corp. Announces a 50% Quarterly Dividend Increase
April 23 2024 - 4:30PM
Amalgamated Financial Corp. (“Amalgamated” or the “Company”)
(Nasdaq: AMAL) today announced that its Board of Directors has
authorized a 50% increase in the Company’s quarterly dividend to
$0.15 per common share, payable by the Company on May 8, 2024, to
stockholders of record on May 22, 2024. The amount and timing of
any future dividend payments to stockholders will be subject to the
discretion of the Board of Directors.
About Amalgamated Financial
Corp.
Amalgamated Financial Corp. is a Delaware public
benefit corporation and a bank holding company engaged in
commercial banking and financial services through its wholly-owned
subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based
full-service commercial bank and a chartered trust company with a
combined network of five branches across New York City, Washington
D.C., and San Francisco, and a commercial office in Boston.
Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York
by the Amalgamated Clothing Workers of America, one of the
country’s oldest labor unions. Amalgamated Bank provides commercial
banking and trust services nationally and offers a full range of
products and services to both commercial and retail customers.
Amalgamated Bank is a proud member of the Global Alliance for
Banking on Values and is a certified B Corporation®. As of December
31, 2023, our total assets were $8.0 billion, total net loans were
$4.3 billion, and total deposits were $7.0 billion. Additionally,
as of December 31, 2023, our trust business held $41.7 billion in
assets under custody and $14.8 billion in assets under
management.
Investor Contact:Jamie LillisSolebury Strategic
Communicationsshareholderrelations@amalgamatedbank.com
800-895-4172
Source: Amalgamated Financial Corp.
Amalgamated Financial (NASDAQ:AMAL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Amalgamated Financial (NASDAQ:AMAL)
Historical Stock Chart
From Jul 2023 to Jul 2024