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Amalgamated Financial Corp. Announces a 17% Quarterly Dividend Increase

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Amalgamated Financial Corp. (Nasdaq: AMAL) has announced a significant increase in its quarterly dividend. The Board of Directors approved a $0.02 increase, raising the dividend by 17% to $0.14 per common share. The dividend will be paid on February 27, 2025, to stockholders of record as of February 11, 2025. Future dividend payments will remain subject to the Board's discretion regarding amount and timing.

Amalgamated Financial Corp. (Nasdaq: AMAL) ha annunciato un aumento significativo del dividendo trimestrale. Il Consiglio di Amministrazione ha approvato un incremento di $0,02, portando il dividendo a un aumento del 17% a $0,14 per azione ordinaria. Il dividendo sarà pagato il 27 febbraio 2025, agli azionisti registrati al 11 febbraio 2025. I futuri pagamenti dei dividendi rimarranno soggetti alla discrezione del Consiglio riguardo all'importo e ai tempi.

Amalgamated Financial Corp. (Nasdaq: AMAL) ha anunciado un aumento significativo en su dividendo trimestral. La Junta Directiva aprobó un aumento de $0.02, elevando el dividendo en un 17% a $0.14 por acción común. El dividendo se pagará el 27 de febrero de 2025, a los accionistas registrados hasta el 11 de febrero de 2025. Los futuros pagos de dividendos estarán sujetos a la discreción de la Junta en cuanto a la cantidad y el momento.

아말가메이티드 파이낸셜 코퍼레이션(나스닥: AMAL)이 분기 배당금을 크게 인상했다고 발표했습니다. 이사회는 $0.02의 인상을 승인했습니다, 이로 인해 배당금은 17% 증가하여 주당 $0.14가 됩니다. 배당금은 2025년 2월 27일에 지급되며, 2025년 2월 11일 이전의 주주가 수령합니다. 향후 배당금 지급은 금액 및 시기에 대한 이사의 재량에 달려 있습니다.

Amalgamated Financial Corp. (Nasdaq: AMAL) a annoncé une augmentation significative de son dividende trimestriel. Le conseil d'administration a approuvé une augmentation de $0,02, portant le dividende à une hausse de 17% à $0,14 par action ordinaire. Le dividende sera payé le 27 février 2025 aux actionnaires enregistrés au 11 février 2025. Les futurs paiements de dividendes resteront soumis à la discrétion du conseil concernant le montant et le moment.

Amalgamated Financial Corp. (Nasdaq: AMAL) hat eine erhebliche Erhöhung seiner vierteljährlichen Dividende angekündigt. Der Vorstand hat eine Steigerung um $0,02 genehmigt, wodurch die Dividende um 17% auf $0,14 pro Stammaktie erhöht wird. Die Dividende wird am 27. Februar 2025 an die Aktionäre ausgezahlt, die am 11. Februar 2025 registriert sind. Künftige Dividendenzahlungen unterliegen dem Ermessen des Vorstands bezüglich Höhe und Zeitpunkt.

Positive
  • 17% increase in quarterly dividend from previous amount
  • Dividend raised by $0.02 to $0.14 per common share
  • Shows company's financial strength and commitment to shareholder returns
Negative
  • None.

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 Lillis
Solebury Strategic Communications
shareholderrelations@amalgamatedbank.com
800-895-4172

Source: Amalgamated Financial Corp.


FAQ

What is the new quarterly dividend amount for Amalgamated Financial (AMAL)?

The new quarterly dividend amount for Amalgamated Financial (AMAL) is $0.14 per common share, representing a $0.02 or 17% increase.

When will AMAL pay its increased dividend in February 2025?

AMAL will pay its increased dividend on February 27, 2025, to stockholders of record as of February 11, 2025.

How much did AMAL increase its quarterly dividend in January 2025?

AMAL increased its quarterly dividend by $0.02 per share, representing a 17% increase.

What is the record date for AMAL's February 2025 dividend payment?

The record date for AMAL's February 2025 dividend payment is February 11, 2025.

Amalgamated Financial Corp.

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