Malaga Financial Corporation Announces 88th Consecutive Quarterly Cash Dividend
Rhea-AI Summary
Malaga Financial (OTCIQ:MLGF) declared a quarterly cash dividend of $0.25 per share to shareholders of record on June 22, 2026, payable on or about July 1, 2026. This dividend represents an estimated 4.61% annualized yield based on a recent $21.70 share price and marks the company’s 88th consecutive quarterly cash dividend.
Subsidiary Malaga Bank, the largest community bank in the South Bay area of Los Angeles, has received Bauer Financial’s Top 5-Star rating for 74 consecutive quarters as of March 2026 and has been recommended by Bauer for over eighteen years.
Positive
- $0.25 quarterly dividend declared, record date June 22, 2026
- 4.61% annualized dividend yield based on $21.70 share price
- 88th consecutive quarterly cash dividend, indicating a long dividend history
- Subsidiary holds Bauer 5-Star rating for 74 consecutive quarters as of March 2026
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PALOS VERDES ESTATES, Calif., May 29, 2026 (GLOBE NEWSWIRE) -- Malaga Financial Corporation (OTCIQ:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on June 22, 2026. The dividend will be paid out on or about July 1, 2026. 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 eighteen 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 74th consecutive quarter as of March 2026. 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 |