Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Financial Corp. (AMAL) has declared a $0.08 per share dividend for common stockholders, payable on May 25, 2022, to stockholders of record as of May 11, 2022. This decision underscores the company's commitment to return value to its investors. Future dividend payments will depend on the discretion of the Board of Directors. As of December 31, 2021, Amalgamated Financial reported total assets of approximately $7.1 billion, net loans of about $3.3 billion, and total deposits of roughly $6.4 billion.

Positive

• Regular dividend of $0.08 per share announced for shareholders.
• Total assets reported at approximately $7.1 billion.
• Total deposits estimated at around $6.4 billion.

Negative

• None.

NEW YORK, April 27, 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 May 25, 2022, to stockholders of record on May 11, 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 one 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 December 31, 2021, our total assets were approximately $7.1 billion, total net loans were approximately $3.3 billion, and total deposits were approximately $6.4 billion. Additionally, as of December 31, 2021, our trust business held approximately $40.2 billion in assets under custody and approximately $17.3 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. (AMAL)?

Amalgamated Financial Corp. has declared a dividend of $0.08 per share for common stockholders.

When is the dividend payment date for Amalgamated Financial Corp. (AMAL)?

The dividend payment date is scheduled for May 25, 2022.

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

The record date for the dividend is May 11, 2022.

Is the dividend from Amalgamated Financial Corp. (AMAL) sustainable?

Future dividends will be decided at the discretion of the Board of Directors, indicating that sustainability may vary.