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. This dividend will be payable on December 1, 2021, to stockholders of record on November 19, 2021. The future dividend payments will depend on the discretion of the Board of Directors. As of September 30, 2021, the company reported total assets of $6.9 billion, total net loans of $3.1 billion, and total deposits of $6.2 billion.

Positive

• $0.08 dividend per share scheduled for December 1, 2021.
• Strong asset base with total assets of $6.9 billion.

Negative

• None.

NEW YORK, Nov. 04, 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 December 1, 2021, to stockholders of record on November 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 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 September 30, 2021, our total assets were $6.9 billion, total net loans were $3.1 billion, and total deposits were $6.2 billion. Additionally, as of September 30, 2021, our trust business held $39.5 billion in assets under custody and $16.1 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 for Amalgamated Financial Corp. (AMAL)?

The dividend amount is $0.08 per share.

When is the dividend payment date for AMAL?

The dividend will be paid on December 1, 2021.

What is the record date for the dividend payment for AMAL?

The record date is November 19, 2021.

Are future dividends assured for Amalgamated Financial Corp.?

Future dividends are at the discretion of the Board of Directors.

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

The total assets are $6.9 billion.