Malaga Financial Corporation Announces 84th Consecutive Quarterly Cash Dividend

Rhea-AI Summary

Malaga Financial Corporation (OTCPink:MLGF) has declared its 84th consecutive quarterly cash dividend of $0.25 per share. The dividend will be paid around July 1, 2025, to shareholders of record as of June 23, 2025. This dividend represents a 4.84% annualized yield based on the recent closing price of $20.65.

Malaga Bank, the company's subsidiary, is a full-service community bank operating six offices in Los Angeles' South Bay area. The bank has maintained Bauer Financial Inc.'s premier Top 5-Star rating for 70 consecutive quarters as of March 2025, demonstrating its consistent financial strength and stability.

[ "84th consecutive quarterly dividend payment demonstrates strong financial stability", "Attractive 4.84% annualized dividend yield", "Maintained Bauer Financial's Top 5-Star rating for 70 consecutive quarters", "Largest community bank position in the South Bay area" ]

PALOS VERDES ESTATES, Calif., May 23, 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 June 23, 2025. The dividend will be paid out on or about July 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 4.84% annualized yield based on our most recent closing price of $20.65. We are grateful for the efforts of our colleagues which has positioned us to declare this 84^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 70^th consecutive quarter as of March 2025. 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 is the dividend amount and yield for Malaga Financial Corporation (MLGF) in 2025?

Malaga Financial Corporation (MLGF) declared a quarterly dividend of $0.25 per share, representing a 4.84% annualized yield based on the closing price of $20.65.

When will MLGF's latest dividend be paid?

The dividend will be paid on or about July 1, 2025, to shareholders of record as of June 23, 2025.

How many consecutive quarters has MLGF paid dividends?

Malaga Financial Corporation has paid dividends for 84 consecutive quarters, demonstrating consistent shareholder returns.

What is Malaga Bank's current Bauer Financial rating?

Malaga Bank has maintained Bauer Financial's premier Top 5-Star rating for 70 consecutive quarters as of March 2025.

Where does Malaga Bank operate its branches?

Malaga Bank operates six offices in the South Bay area of Los Angeles, with headquarters on the Palos Verdes Peninsula.