Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Rhea-AI Summary

Amalgamated Financial Corp. (Nasdaq: AMAL) has announced a regular quarterly dividend of $0.12 per share. The dividend will be payable on August 22, 2024, to stockholders of record as of August 6, 2024. This decision was made by the company's Board of Directors, demonstrating their commitment to returning value to shareholders. However, it's important to note that future dividend payments will be subject to the Board's discretion, considering factors such as the company's financial performance and market conditions.

Positive

• Regular dividend payment of $0.12 per share maintained
• Consistent return of value to shareholders

Negative

• None.

NEW YORK, July 23, 2024 (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 $0.12 per share, payable by the Company on August 22, 2024, to stockholders of record on August 6, 2024. 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 March 31, 2024, our total assets were $8.1 billion, total net loans were $4.4 billion, and total deposits were $7.3 billion. Additionally, as of March 31, 2024, our trust business held $35.0 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 for Amalgamated Financial Corp. (AMAL) in Q3 2024?

Amalgamated Financial Corp. (AMAL) has declared a regular quarterly dividend of $0.12 per share for Q3 2024.

When is the ex-dividend date for Amalgamated Financial Corp.'s (AMAL) Q3 2024 dividend?

The ex-dividend date is not specified in the press release. Typically, it's one business day before the record date, which is August 6, 2024.

What is the payment date for Amalgamated Financial Corp.'s (AMAL) latest dividend?

The payment date for Amalgamated Financial Corp.'s (AMAL) latest dividend is August 22, 2024.

Is Amalgamated Financial Corp. (AMAL) committed to paying regular dividends in the future?

While AMAL has declared this dividend, future payments are subject to the Board of Directors' discretion and will depend on various factors.