Amalgamated Financial Corp. Declares Regular Dividend
Amalgamated Financial Corp. today revealed the declaration of a quarterly dividend of $0.14 per share for its common stockholders. The esteemed decision from the Board of Directors reflects the company’s ongoing commitment to shareholder value.
Future Dividend Payments
While this dividend will be payable to stockholders on a specified date, it's important to note that future dividends will be subject to discretion by the Board. This approach ensures that the company's financial health and market conditions are carefully considered, and allows Amalgamated to make adjustments as needed.
About Amalgamated Financial Corp.
Amalgamated Financial Corp. operates as a bank holding company, primarily through its fully owned subsidiary, Amalgamated Bank. It is recognized for its dedication to providing comprehensive commercial banking and financial services. With headquarters in New York, the bank has a strong presence with five branches in major cities and offers a wide range of services from personal banking to complex commercial finance solutions.
History of Strong Foundation
Established in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the nation’s oldest labor unions, the bank has built a legacy of supporting workers and the communities they reside in. Over the years, Amalgamated Bank has upheld its commitment to socio-economic principles, proudly standing as a certified B Corporation.
Financial Performance Highlights
As of the latest reporting period, Amalgamated Financial reported total assets of approximately $8.3 billion, showcasing its robust financial health. The bank’s net loans reached around $4.6 billion, while total deposits stood at about $7.4 billion. Furthermore, its trust business managed assets totaling $35.7 billion, underpinning the bank’s significant role in the financial industry.
Community Engagement and Values
Being part of the Global Alliance for Banking on Values, Amalgamated Bank takes pride in its responsible banking practices that aim to bolster social and environmental welfare. This ethos is not just about financial performance; it's about creating a positive impact in the communities they operate in.
Contact Information for Investors
If you have any inquiries regarding investments or shareholder relations, please reach out to Jamie Lillis at Solebury Strategic Communications. Assistance can be provided through either phone or email, ensuring that shareholders receive the support they need regarding their investments.
Frequently Asked Questions
What is the amount of the declared dividend by Amalgamated Financial Corp.?
The declared dividend amount is $0.14 per share for common stockholders.
When will shareholders receive their dividends?
Shareholders will receive their dividends on the designated payment date set by the company.
What financial services does Amalgamated Bank provide?
Amalgamated Bank offers a comprehensive range of commercial banking and financial services, including personal and business banking solutions.
What is the history of Amalgamated Financial Corp.?
The corporation was founded in 1923, initially established by a labor union to serve the banking needs of workers and their communities.
How can investors contact Amalgamated Financial Corp.?
Investors can reach out via the contact information provided by Jamie Lillis at Solebury Strategic Communications, by email or phone.
