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Amalgamated Bank ( (AMAL) ) has issued an update.
On January 22, 2025, Amalgamated Financial Corp. announced a 17% increase in its quarterly dividend, raising it by $0.02 to $0.14 per share. This decision reflects the company’s robust financial position and commitment to providing shareholder returns, with the dividend payable on February 27, 2025, to shareholders recorded by February 11, 2025.
More about Amalgamated Bank
Amalgamated Financial Corp. is a Delaware public benefit corporation and bank holding company operating through its wholly-owned subsidiary, Amalgamated Bank. It offers full-service commercial banking and financial services with branches in New York City, Washington D.C., and San Francisco, and a commercial office in Boston. The bank, founded in 1923, serves both commercial and retail customers and is a member of the Global Alliance for Banking on Values and a certified B Corporation. As of September 30, 2024, the bank reported total assets of $8.4 billion, net loans of $4.5 billion, and deposits of $7.6 billion, with its trust business holding $35.4 billion in assets under custody and $14.6 billion in assets under management.
YTD Price Performance: 11.00%
Average Trading Volume: 182,647
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.13B
For detailed information about AMAL stock, go to TipRanks’ Stock Analysis page.
