Malaga Financial Corporation Continues Dividend Tradition
Malaga Financial Corporation Announces 83rd Consecutive Dividend
Malaga Financial Corporation (OTCPink: MLGF), a well-respected player in the community banking sector, has declared a significant cash dividend of 25 cents per share for its loyal shareholders. This announcement highlights the company’s ongoing commitment to fostering strong relationships with its investors.
Dividend Details and Impact
Shareholders of record will be eligible for this dividend on March 24, and the payout is anticipated to be disbursed around April 1. This marks the 83rd consecutive quarterly cash dividend from Malaga Financial Corporation, showcasing its consistency and reliability in financial performance. Randy C. Bowers, the company’s Chairman, President, and CEO, expressed gratitude for the hard work of the entire team that has allowed this dividend to be possible. He pointed out that the dividend reflects a robust annualized yield of 4.85% based on the closing share price of $20.62.
The Legacy of Malaga Bank
The banking powerhouse behind Malaga Financial Corporation, Malaga Bank, is based on the picturesque Palos Verdes Peninsula. The bank operates six branches across the South Bay area of Los Angeles, establishing itself as a vital financial service provider in the community. With over fifteen years of distinguished service, Malaga Bank has consistently received accolades from Bauer Financial Inc., achieving a Top 5-Star rating for the 69th consecutive quarter as of December 2024. This recognition is a testament to their superior banking practices and commitment to client satisfaction.
Services Offered to the Community
Since its inception in 1985, Malaga Bank has catered to the needs of the South Bay residents and businesses by offering a range of competitive banking solutions. Their services include personalized real estate loan products designed for both consumers and investors. The prominence of Malaga Bank in the community is not only due to its excellent banking products but also its ethos of relationship-based banking where customer service is paramount.
The Importance of Community Banking
As the largest community bank in the South Bay area, Malaga Financial Corporation prides itself on its long-standing tradition of exceptional customer service. They understand that community banking isn't just about transactions; it's about building lasting relationships with their clients. This approach ensures customer needs are prioritized and catered to, fostering trust and loyalty.
Contact Information and Further Inquiries
For any questions regarding the company’s services or the recent dividend announcement, Randy Bowers is available for contact. As the Chairman, President, and CEO of Malaga Financial Corporation, he is at the forefront of operations and can provide further insights into the company's strategies and future initiatives. Interested individuals can reach him at (310) 375-9000 or via email at rbowers@malagabank.com.
Frequently Asked Questions
What is the recent dividend amount announced by Malaga Financial Corporation?
The company announced a cash dividend of 25 cents per share.
When will the dividend be paid to shareholders?
The dividend is expected to be paid out on or about April 1.
How long has Malaga Financial Corporation been issuing dividends?
This marks the 83rd consecutive quarterly cash dividend issued by the company.
What services does Malaga Bank provide?
Malaga Bank offers a variety of competitive banking services, including tailored real estate loan products for consumers and investors.
Who can I contact for more information?
Randy Bowers, the Chairman, President, and CEO, can be contacted at (310) 375-9000 or via email at rbowers@malagabank.com.
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