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Malaga Financial Corporation Announces Special Year-End 2024 Stock Dividend in Addition to First Quarter 2025 Cash Dividend

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Malaga Financial (MLGF) has announced a special 5% stock dividend payable on December 31, 2024, to shareholders of record as of December 20, 2024. The company also declared its 82nd consecutive quarterly cash dividend of 25 cents, payable January 2, 2025. Total cash dividends for 2024 will amount to $1.00 per share, representing a 4.39% annual yield based on the November 14, 2024 closing price of $22.76. This marks the 13th consecutive year of special year-end dividends alongside quarterly cash dividends. Malaga Bank, the company's subsidiary, maintains Bauer Financial's Top 5-Star rating for the 67th consecutive quarter as of June 2024.

Malaga Financial (MLGF) ha annunciato un dividendo speciale del 5% sulle azioni, che sarà pagabile il 31 dicembre 2024, agli azionisti registrati al 20 dicembre 2024. L'azienda ha anche dichiarato il suo 82° dividendo in contante trimestrale consecutivo di 25 centesimi, pagabile il 2 gennaio 2025. I dividendi totali in contante per il 2024 ammonteranno a $1.00 per azione, con un rendimento annuale del 4,39% basato sul prezzo di chiusura del 14 novembre 2024 di $22.76. Questo segna il 13° anno consecutivo di dividendi speciali di fine anno insieme ai dividendi trimestrali in contante. Malaga Bank, la controllata dell'azienda, mantiene il rating Top 5-Stelle di Bauer Financial per il 67° trimestre consecutivo a partire da giugno 2024.

Malaga Financial (MLGF) ha anunciado un dividendo especial del 5% sobre las acciones, que se pagará el 31 de diciembre de 2024, a los accionistas registrados hasta el 20 de diciembre de 2024. La compañía también declaró su 82° dividendo en efectivo trimestral consecutivo de 25 centavos, pagadero el 2 de enero de 2025. Los dividendos totales en efectivo para 2024 ascenderán a $1.00 por acción, representando un rendimiento anual del 4.39% basado en el precio de cierre del 14 de noviembre de 2024 de $22.76. Esto marca el 13° año consecutivo de dividendos especiales de fin de año junto con los dividendos trimestrales en efectivo. Malaga Bank, la subsidiaria de la empresa, mantiene la calificación Top 5 Estrellas de Bauer Financial durante el 67° trimestre consecutivo a partir de junio de 2024.

말라가 금융 (MLGF)는 2024년 12월 31일에 주주들에게 지급될 5%의 특별 주식 배당금을 발표했습니다. 주주는 2024년 12월 20일 기준으로 등록된 주주들입니다. 회사는 또한 2025년 1월 2일에 지급될 25센트의 82번째 연속 분기 현금 배당금을 선언했습니다. 2024년 총 현금 배당금은 주당 $1.00에 이를 것이며, 2024년 11월 14일 종가 $22.76을 기준으로 할 경우 연간 수익률은 4.39%입니다. 이는 매 분기 현금 배당금과 함께 특별 연말 배당금이 13년 연속으로 지급되는 것을 의미합니다. 회사의 자회사인 말라가 은행은 2024년 6월 기준으로 67분기 연속으로 바우어 금융의 5성급 등급을 유지하고 있습니다.

Malaga Financial (MLGF) a annoncé un dividende spécial de 5% sur les actions, qui sera payable le 31 décembre 2024, aux actionnaires enregistrés au 20 décembre 2024. La société a également déclaré son 82e dividende trimestriel en espèces consécutif de 25 cents, payable le 2 janvier 2025. Le total des dividendes en espèces pour 2024 s'élèvera à 1,00 $ par action, ce qui représente un rendement annuel de 4,39% basé sur le prix de clôture du 14 novembre 2024 de 22,76 $. Cela marque la 13e année consécutive de dividendes spéciaux de fin d'année aux côtés des dividendes trimestriels en espèces. Malaga Bank, la filiale de la société, maintient la note Top 5 Étoiles de Bauer Financial pour le 67e trimestre consécutif à partir de juin 2024.

Malaga Financial (MLGF) hat eine besondere Dividende von 5% auf Aktien angekündigt, die am 31. Dezember 2024 an die Aktionäre ausgezahlt wird, die bis zum 20. Dezember 2024 registriert sind. Das Unternehmen erklärte außerdem seine 82. aufeinanderfolgende vierteljährliche Bar-Dividende von 25 Cent, die am 2. Januar 2025 ausgezahlt wird. Die Gesamtsumme der Bar-Dividenden für 2024 wird $1,00 pro Aktie betragen, was einer jährlichen Rendite von 4,39% basierend auf dem Schlusskurs vom 14. November 2024 von $22,76 entspricht. Dies markiert das 13. aufeinanderfolgende Jahr mit besonderen Jahr-End-Dividenden neben den vierteljährlichen Bar-Dividenden. Die Tochtergesellschaft der Firma, die Malaga Bank, hat für das 67. Quartal in Folge das 5-Sterne-Ranking von Bauer Financial beibehalten, beginnend im Juni 2024.

Positive
  • Declared special 5% stock dividend
  • 82nd consecutive quarterly cash dividend maintained
  • Total cash dividends of $1.00 per share for 2024 (4.39% yield)
  • 13-year track record of special year-end dividends
  • 67 consecutive quarters with Bauer Financial's Top 5-Star rating
Negative
  • None.

PALOS VERDES ESTATES, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Malaga Financial Corporation (OTCPink:MLGF). Malaga Financial Corporation announced today that its Board of Directors had declared a special 5% stock dividend on the company’s common stock outstanding, payable on or about December 31, 2024, to shareholders of record at the close of business on December 20, 2024. The dividend will be issued in the form of additional shares of common stock. Cash will be issued in lieu of fractional shares. Additionally, a quarterly cash dividend of 25 cents was declared payable to shareholders of record at the close of business on December 20, 2024, to be paid on or about January 2, 2025. Randy C. Bowers, President and CEO, remarked, “We are pleased to declare a special year-end stock dividend in addition to our 82nd consecutive quarterly dividend. This will result in total cash dividends paid in 2024 of $1.00 per share for a 4.39% annual yield based on a closing share price of $22.76 on November 14, 2024, in addition to the special stock dividend. This is the 13th consecutive year that we have declared a special year-end dividend along with the 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 67th consecutive quarter as of June 2024. Since 1985 Malaga has been delivering competitive 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 of the Board, President and Chief Executive Officer
Malaga Financial Corporation
(310) 375-9000
rbowers@malagabank.com

FAQ

What is Malaga Financial's (MLGF) special stock dividend for 2024?

Malaga Financial announced a special 5% stock dividend payable on December 31, 2024, to shareholders of record as of December 20, 2024.

How much is MLGF's quarterly cash dividend for Q1 2025?

MLGF declared a quarterly cash dividend of 25 cents per share, payable on January 2, 2025, to shareholders of record as of December 20, 2024.

What is MLGF's total cash dividend yield for 2024?

MLGF's total cash dividends for 2024 amount to $1.00 per share, representing a 4.39% annual yield based on the November 14, 2024 closing price of $22.76.

How long has MLGF maintained its special year-end dividend?

MLGF has declared special year-end dividends for 13 consecutive years alongside its quarterly cash dividends.

MALAGA FINANCIAL CORP

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204.01M
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Banks - Regional
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United States of America
Palos Verdes Estates