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Amalgamated Financial Corp. Announces a 17% Quarterly Dividend Increase

1. Amalgamated Financial raised quarterly dividend by 17% to $0.14 per share. 2. Next dividend payment is scheduled for February 27, 2025. 3. As of September 2024, total assets were $8.4 billion. 4. Company is a certified B Corporation and member of Global Alliance for Banking on Values. 5. Strong financials indicate stability and potential for future growth.

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$36.601/22 04:32 PM EDTEvent Start
$34.801/23 11:10 PM EDTLatest Updated
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FAQ

Why Bullish?

The dividend increase signals financial health and shareholder value focus, similar to the trajectory of other banks increasing dividends leading to stock appreciation.

How important is it?

Dividend increases draw positive attention from investors, reinforcing company credibility and potentially increasing stock demand.

Why Short Term?

Immediate investor sentiment may boost AMAL price, akin to past dividend announcements impacting stock prices favorably in the short run.

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AMAL
January 22, 2025 16:30 ET  | Source: Amalgamated Financial Corp. NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a $0.02 increase, or 17%, in the Company’s quarterly dividend to $0.14 per common share, payable by the Company on February 27, 2025, to stockholders of record on February 11, 2025. 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 September 30, 2024, our total assets were $8.4 billion, total net loans were $4.5 billion, and total deposits were $7.6 billion. Additionally, as of September 30, 2024, our trust business held $35.4 billion in assets under custody and $14.6 billion in assets under management. Investor Contact:Jamie LillisSolebury Strategic Communicationsshareholderrelations@amalgamatedbank.com 800-895-4172 Source: Amalgamated Financial Corp.

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