Malaga Financial Corporation Announces 83rd Consecutive Quarterly Cash Dividend
Malaga Financial (OTCPink:MLGF) has declared its 83rd consecutive quarterly cash dividend of $0.25 per share.
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Rhea-AI Summary
Malaga Financial (OTCPink:MLGF) has declared its 83rd consecutive quarterly cash dividend of $0.25 per share. The dividend will be paid on April 1, 2025, to shareholders of record on March 24, 2025.
The dividend represents a 4.85% annualized yield based on the recent closing price of $20.62. Malaga Bank, the company's subsidiary, maintains its position as the largest community bank in the South Bay area with six offices. The bank has received Bauer Financial Inc.'s prestigious Top 5-Star rating for 69 consecutive quarters as of December 2024, demonstrating consistent financial strength and stability.
Positive
- Consistent dividend payment track record - 83 consecutive quarters
- Attractive 4.85% annualized dividend yield
- Maintains highest Bauer Financial rating for 69 consecutive quarters
- Largest community bank position in South Bay area
Negative
- None.
Details
News Market Reaction – MLGF
The recorded move for MLGF in the trading session of this news was +0.15%.
Data tracked by StockTitan Argus. Session date unavailable.
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PALOS VERDES ESTATES, Calif., March 14, 2025 (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 24, 2025. The dividend will be paid out on or about April 1, 2025. 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
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 69th consecutive quarter as of December 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 |
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