Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Financial Corp. (Nasdaq: AMAL) declared a regular dividend of $0.08 per share, payable on March 1, 2022, to stockholders of record as of February 15, 2022. Future dividends will depend on the Board of Directors' discretion. As of September 30, 2021, Amalgamated reported total assets of $6.9 billion, net loans of $3.1 billion, and deposits of $6.2 billion. The bank, established in 1923, operates five branches across major U.S. cities and offers a comprehensive range of banking services.

Positive

• Declared a dividend of $0.08 per share, demonstrating confidence in financial stability.
• Total assets reported at $6.9 billion, indicating strong financial standing.

Negative

• None.

NEW YORK, Jan. 26, 2022 (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 March 1, 2022, to stockholders of record on February 15, 2022. 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, 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 declared by Amalgamated Financial Corp.?

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

When will the dividend be paid to stockholders of Amalgamated Financial Corp.?

The dividend will be paid on March 1, 2022.

When is the record date for Amalgamated Financial Corp.'s dividend?

The record date for the dividend is February 15, 2022.

How often does Amalgamated Financial Corp. declare dividends?

The frequency of dividends is at the discretion of the Board of Directors.

What are the total assets of Amalgamated Financial Corp.?

As of September 30, 2021, Amalgamated Financial Corp. reported total assets of $6.9 billion.