Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Financial Corp. declares regular dividend of $0.10 per share.

Positive

• Amalgamated Financial Corp. declares regular dividend of $0.10 per share.

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• None.

NEW YORK, Oct. 24, 2023 (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 $0.10 per share, payable by the Company on November 24, 2023, to stockholders of record on November 7, 2023. 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, 2023, our total assets were $7.9 billion, total net loans were $4.3 billion, and total deposits were $7.0 billion. Additionally, as of September 30, 2023, our trust business held $39.6 billion in assets under custody and $13.9 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 dividend amount declared by Amalgamated Financial Corp.?

The dividend declared by Amalgamated Financial Corp. is $0.10 per share.

When will the dividend be payable?

The dividend will be payable on November 24, 2023.

Who will be eligible for the dividend?

Stockholders of record on November 7, 2023, will be eligible for the dividend.

Will there be any future dividend payments?

The amount and timing of any future dividend payments will be subject to the discretion of the Board of Directors.