Amalgamated Financial Corp. Announces Dividend and Growth Strategy
Amalgamated Financial Corp. Declares Regular Quarterly Dividend
Amalgamated Financial Corp., known for its commitment to financial excellence, has recently made an important announcement regarding its dividend policy. The Board of Directors has decided to declare a regular dividend of $0.14 per share for its common stockholders. This payment is a gesture of appreciation to the shareholders who contribute to the company’s success.
Details of the Dividend Declaration
The declared dividend is set to be paid on a specified date, ensuring shareholders receive their due rewards for their investment. Stockholders of record prior to a specific date will be eligible to receive this dividend. It reflects the company’s ongoing efforts to deliver value to its stakeholders, showcasing its financial stability and dedication to returning profits to shareholders.
Future Dividend Payments
The Board of Directors will evaluate future dividend payments, considering various factors such as company performance and financial health. This approach ensures that dividends are sustainable and aligned with the company’s growth strategy.
About Amalgamated Financial Corp.
Amalgamated Financial Corp. operates as a public benefit corporation in Delaware and is a prominent bank holding company. It provides comprehensive banking solutions through its subsidiary, Amalgamated Bank. As a full-service commercial bank, Amalgamated Bank operates multiple branches and offers a range of financial services to meet diverse customer needs.
A Legacy of Service
Founded in 1923, Amalgamated Bank has a rich history linked to labor unions, emphasizing a commitment to community and ethical banking practices. The bank is recognized as a member of the Global Alliance for Banking on Values and proudly holds certification as a B Corporation, reflecting its dedication to social and environmental responsibility.
Financial Overview
As of the last financial reporting period, Amalgamated Financial Corp. showcased robust performance metrics, including total assets totaling $8.3 billion. The company reported net loans amounting to $4.6 billion and total deposits at $7.2 billion, which highlights its strong market position and operational success.
Trust and Asset Management Services
The trust division of Amalgamated Bank manages a substantial amount of assets, reflecting the bank's capability and reliability in the financial sector. With assets under custody at $35.0 billion and assets under management at $14.6 billion, the bank offers trusted services to clients nationwide.
Contact Information for Investors
For those interested in learning more about Amalgamated Financial Corp. and its offerings, investor relations are accessible for queries. Jamie Lillis from Solebury Strategic Communications is the point of contact, with the option to reach out via email or phone for stakeholder inquiries. This access underscores the company’s transparency and commitment to investor relations.
Frequently Asked Questions
What is the dividend amount declared by Amalgamated Financial Corp.?
The company has declared a regular dividend of $0.14 per share for its common stockholders.
When will the dividend be paid?
The dividend will be payable on a specified date to shareholders who are on record prior to that date.
What historical significance does Amalgamated Bank have?
Amalgamated Bank was founded in 1923 by the Amalgamated Clothing Workers of America, linking it to one of the nation’s oldest labor unions.
What other services does Amalgamated Financial Corp. offer?
Amalgamated primarily provides commercial banking and trust services, catering to a variety of clients ranging from retail to commercial sectors.
How can investors contact Amalgamated Financial Corp.?
Investors can reach out to Jamie Lillis through email or phone for inquiries related to the company and its operations.
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