Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Financial Corp. (Nasdaq: AMAL) has declared a regular dividend of $0.08 per share for common stockholders. The dividend is payable on June 1, 2021 to stockholders of record as of May 14, 2021. Future dividend payments will be determined at the discretion of the Board of Directors. As of March 31, 2021, the company reported total assets of $6.4 billion, net loans of $3.2 billion, and deposits of $5.7 billion.

Positive

• Declared a regular dividend of $0.08 per share, enhancing shareholder value.
• Total assets reported at $6.4 billion, indicating strong financial standing.
• Total deposits at $5.7 billion, reflecting customer trust and market position.

Negative

• None.

NEW YORK, April 28, 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 June 1, 2021, to stockholders of record on May 14, 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 March 31, 2021, our total assets were $6.4 billion, total net loans were $3.2 billion, and total deposits were $5.7 billion. Additionally, as of March 31, 2021, our trust business held $37.5 billion in assets under custody and $15.7 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.?

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

When will the dividend be paid to shareholders?

The dividend will be paid on June 1, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is May 14, 2021.

How much are Amalgamated Financial Corp.'s total assets?

As of March 31, 2021, total assets were reported at $6.4 billion.

How often does Amalgamated Financial Corp. pay dividends?

The frequency of future dividends will be determined by the Board of Directors.