Malaga Financial Corporation Dividend Announcement
PALOS VERDES ESTATES, Calif. – Malaga Financial Corporation (OTCPink: MLGF) has formally declared a quarterly cash dividend of 25 cents per share for shareholders on record. This marks the company’s 85th consecutive dividend payout, reflecting its commitment to shareholder returns.
Details of the Dividend
The dividend is set to be paid to shareholders who are on record as of September 23. Expected payment will occur around October 1. Randy C. Bowers, who serves as Chairman, President, and CEO, expressed satisfaction about distributing this dividend, which equates to an annualized yield of 4.89% based on the most recent stock closing price of $20.43. This consistent performance showcases the dedication of both the bank and its employees.
Malaga Bank: A History of Excellence
Operating as a full-service community bank, Malaga Bank is a proud subsidiary of Malaga Financial Corporation. Nestled on the Palos Verdes Peninsula, the bank boasts six branch locations throughout the South Bay area of Los Angeles. Apart from its financial services, the bank has been consistently recognized by Bauer Financial Inc., achieving its prestigious Top 5-Star rating for the 71st consecutive quarter as of June this year.
A Legacy of Commitment
Since its inception in 1985, Malaga Bank has carved a niche in the banking sector by providing tailored financial services to both residents and businesses in the South Bay. The bank specializes in real estate loan products, and its customer-centric approach has made it the largest community bank in the region.
Community Engagement and Customer Service
The hallmark of Malaga Bank’s operations is relationship-based banking. With a history steeped in providing exceptional customer service, the bank has built lasting relationships with its clients. This is evident in their attention to detail and their understanding of community needs.
Continuous Growth and Support
As a prominent player in community banking, Malaga’s focus remains on delivering competitive banking solutions while maintaining its commitment to serve the local population. The bank’s success over the years is attributed not only to its service quality but also to the unwavering support of its community.
Contact Information
For inquiries or further information, you can reach out to:
Randy Bowers
Chairman, President and Chief Executive Officer
Malaga Financial Corporation
(310) 375-9000
rbowers@malagabank.com
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is 25 cents per share for shareholders.
When will the dividend payment be made?
The payment is scheduled around October 1 for eligible shareholders.
How many consecutive dividends has Malaga Financial Corporation declared?
This is the 85th consecutive quarterly cash dividend that Malaga Financial Corporation has declared.
What types of financial products does Malaga Bank specialize in?
Malaga Bank specializes in real estate loan products customized for consumers and investors.
Who can I contact for more information about Malaga Financial Corporation?
You can contact Randy Bowers, the Chairman and CEO, at (310) 375-9000 or via email at rbowers@malagabank.com.
