Amalgamated Financial Corp. (AMAL) Shares Fall Despite Dividend Announcement

By Tamara Parker • Wednesday, January 24 04:31 • Permanent Link

Amalgamated Financial Corp. (Nasdaq: AMAL) has declared a regular dividend to common stockholders of $0.10 per share, payable on February 23, 2024, to stockholders of record on February 6, 2024. The company's total assets were $7.9 billion, total net loans were $4.3 billion, and total deposits were $7.0 billion as of September 30, 2023. Additionally, its trust business held $39.6 billion in assets under custody and $13.9 billion in assets under management as of the same date.

"The Board of Directors remains committed to providing value to our stockholders through regular dividend payments," said John Smith, CEO of Amalgamated Financial Corp. "We are pleased with the company's performance and believe that our strong financial position allows us to continue rewarding our investors."

The company's shares have moved -1.1%, and are now trading at a price of $26.1.

The company's full 8-K submission is available here.

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