Malaga Financial Corporation Announces 81st Consecutive Quarterly Cash Dividend

Rhea-AI Summary

Malaga Financial (OTCPink:MLGF) has declared its 81st consecutive quarterly cash dividend of 25 cents per share. The dividend will be paid on or about October 2, 2024, to shareholders of record on September 20, 2024. This represents a 4.38% annualized yield based on the most recent closing price of $22.84. Malaga Bank, a subsidiary of Malaga Financial , is a full-service community bank with six offices in the South Bay area of Los Angeles. The bank has maintained Bauer Financial Inc.'s premier Top 5-Star rating for 67 consecutive quarters as of June 2024, highlighting its financial stability and performance.

Positive

• Declared 81st consecutive quarterly cash dividend, demonstrating consistent shareholder returns
• 4.38% annualized dividend yield, offering attractive income for investors
• Maintained Bauer Financial Inc.'s Top 5-Star rating for 67 consecutive quarters, indicating strong financial health

Negative

• None.

PALOS VERDES ESTATES, Calif., Sept. 13, 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 September 20, 2024. The dividend will be paid out on or about October 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 4.38% annualized yield based on our most recent closing price of $22.84. We are grateful for the efforts of our colleagues which has positioned us to declare this 81^st 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 67^th consecutive quarter as of June 2024. Since 1985, Malaga Bank 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, President, and Chief Executive Officer Malaga Financial Corporation (310) 375-9000 rbowers@malagabank.com

FAQ

What is the amount of Malaga Financial 's (MLGF) latest dividend?

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

When will Malaga Financial (MLGF) pay its latest dividend?

The dividend will be paid on or about October 2, 2024, to shareholders of record on September 20, 2024.

What is the annualized dividend yield for Malaga Financial (MLGF)?

The annualized dividend yield is 4.38%, based on the most recent closing price of $22.84.

How many consecutive quarterly dividends has Malaga Financial (MLGF) declared?

Malaga Financial (MLGF) has declared its 81st consecutive quarterly cash dividend.