Amalgamated Bank Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Bank (Nasdaq: AMAL) declared a regular dividend of $0.08 per share, scheduled for payment on March 5, 2021, to stockholders of record by February 19, 2021. Future dividend payments will depend on the Board of Directors' discretion. Amalgamated Bank, established in 1923, operates six branches across major U.S. cities and holds total assets of $6.0 billion and total deposits of $5.3 billion as of December 31, 2020.

Positive

• Regular dividend of $0.08 per share announced.
• Future dividends indicate shareholder returns.

Negative

• None.

NEW YORK, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.08 per share, payable by the Company on March 5, 2021, to stockholders of record on February 19, 2021. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the 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 six branches in New York City, Washington D.C., San Francisco, and Boston. 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 December 31, 2020, our total assets were $6.0 billion, total net loans were $3.4 billion, and total deposits were $5.3 billion. Additionally, as of December 31, 2020, the trust business held $36.8 billion in assets under custody and $15.4 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 will the dividend be paid to shareholders?

The dividend will be paid on March 5, 2021.

What is the record date for the Amalgamated Bank dividend?

The record date for the dividend is February 19, 2021.

How often does Amalgamated Bank pay dividends?

Dividend payments frequency is at the discretion of the Board of Directors.