Amalgamated Bank Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Bank (Nasdaq: AMAL) declared a regular dividend of $0.08 per share, payable on September 3, 2020, to shareholders of record on August 19, 2020. The decision regarding future dividends will be at the discretion of the Company’s Board of Directors. Established in 1923, Amalgamated Bank serves as a full-service commercial bank with total assets of $6.5 billion and total deposits of $5.9 billion as of June 30, 2020. It operates 11 branches across New York City, Washington D.C., and San Francisco.

Positive

• Declared a regular dividend of $0.08 per share.
• Dividend payment scheduled for September 3, 2020.
• Total assets of $6.5 billion and deposits of $5.9 billion indicate financial stability.

Negative

• None.

NEW YORK, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that its Board of Directors has declared a regular dividend to common shareholders of $0.08 per share, payable on September 3, 2020, to shareholders of record on August 19, 2020.  The amount and timing of any future dividend payments to shareholders will be subject to the discretion of the Company’s Board of Directors.

About Amalgamated Bank 

Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined network of 11 branches in New York City, Washington D.C., and San Francisco. Amalgamated 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 provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Amalgamated is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation®. As of June 30, 2020, total assets were $6.5 billion, total net loans were $3.6 billion, and total deposits were $5.9 billion. Additionally, as of June 30, 2020, the trust business held $32.0 billion in assets under custody and $13.3 billion in assets under management.

Media Contact:
Kylie McKenna
The Levinson Group
kmckenna@mollylevinson.com
202-244-1785

Investor Contact:
Jamie Lillis
Solebury Trout
shareholderrelations@amalgamatedbank.com
800-895-4172

FAQ

What is the dividend amount declared by Amalgamated Bank?

Amalgamated Bank declared a dividend of $0.08 per share.

When is the dividend payment date for Amalgamated Bank?

The dividend payment date is September 3, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is August 19, 2020.

How much are Amalgamated Bank's total assets?

As of June 30, 2020, Amalgamated Bank's total assets were $6.5 billion.