Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Financial Corp. (AMAL) announced a regular dividend of $0.08 per share for common stockholders, payable on September 1, 2021 to those on record by August 18, 2021. The Board of Directors retains discretion over future dividend payments. As of June 30, 2021, the company's total assets were $6.6 billion, with $3.1 billion in net loans and $5.9 billion in total deposits. Additionally, the trust business managed $16.6 billion in assets. Amalgamated also prides itself on being a certified B Corporation.

Positive

• Regular dividend of $0.08 per share indicates financial stability.
• Total assets of $6.6 billion and strong loan and deposit figures reflect solid performance.

Negative

• None.

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) 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 September 1, 2021, to stockholders of record on August 18, 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 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 six branches in New York City, Washington D.C., San Francisco, and 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 June 30, 2021, our total assets were $6.6 billion, total net loans were $3.1 billion, and total deposits were $5.9 billion. Additionally, as of June 30, 2021, our trust business held $39.2 billion in assets under custody and $16.6 billion in assets under management.

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

Source: Amalgamated Financial Corp.

FAQ

What is the dividend amount declared by Amalgamated Financial Corp. in 2021?

Amalgamated Financial Corp. declared a dividend of $0.08 per share.

When is the dividend payment date for Amalgamated shareholders?

The dividend payment date is September 1, 2021.

What is the record date for receiving the dividend from Amalgamated Financial Corp.?

The record date for the dividend is August 18, 2021.

What are the total assets of Amalgamated Financial Corp. as of June 30, 2021?

As of June 30, 2021, Amalgamated Financial Corp. had total assets of $6.6 billion.

How much in net loans does Amalgamated Financial Corp. have?

Amalgamated Financial Corp. has net loans totaling $3.1 billion.