Malaga Financial Corporation Announces 79th Consecutive Quarterly Cash Dividend

Rhea-AI Summary

Malaga Financial (MLGF) declares a cash dividend of 25 cents per share, benefiting shareholders of record on March 26, 2024. The dividend payout reflects the company's commitment to rewarding its investors.

PALOS VERDES ESTATES, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on March 26, 2024. The dividend will be paid out on or about April 2, 2024. Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to reward our loyal shareholders with this 25-cent quarterly dividend which represents a 4.39% annualized yield based on our most recent closing price of $22.80. We are grateful for the efforts of our colleagues which has positioned us to declare this 79^th consecutive quarterly cash dividend.”

Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. For over fifteen years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc. Malaga Bank was awarded Bauer’s premier Top 5-Star rating for the 65^th consecutive quarter as of December 2023. Since 1985, Malaga Bank has been delivering competitive consecutive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.

Contact:	Randy Bowers
	Chairman, President and Chief Executive Officer
	Malaga Financial Corporation
	(310) 375-9000
	rbowers@malagabank.com

FAQ

What dividend has Malaga Financial (MLGF) declared?

Malaga Financial has declared a cash dividend of 25 cents per share.

When will the dividend be paid out to shareholders of Malaga Financial (MLGF)?

The dividend will be paid out on or after the record date of March 26, 2024.

What is the ticker symbol for Malaga Financial ?

The ticker symbol for Malaga Financial is MLGF.