CORRECTION: Amalgamated Financial Corp. Announces a 20% Quarterly Dividend Increase
24 April 2024 - 7:28AM
In a release issued today by Amalgamated Financial Corp., (Nasdaq:
AMAL), please note that the percentage increase of the dividend has
been updated to 20%, the dividend has changed to $0.12 per common
share, and the record date and payable dates have been adjusted to
May 8, 2024 and May 22, 2024, respectively. The corrected release
follows:
Amalgamated Financial Corp. (“Amalgamated” or
the “Company”) (Nasdaq: AMAL) today announced that its Board of
Directors has authorized a 20% increase in the Company’s quarterly
dividend to $0.12 per common share, payable by the Company on May
22, 2024, to stockholders of record on May 8, 2024. The amount and
timing of any future dividend payments to stockholders will be
subject to the discretion of the Board of Directors.
About Amalgamated Financial
Corp.
Amalgamated Financial Corp. is a Delaware public
benefit corporation and a bank holding company engaged in
commercial banking and financial services through its wholly-owned
subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based
full-service commercial bank and a chartered trust company with a
combined network of five branches across New York City, Washington
D.C., and San Francisco, and a commercial office in Boston.
Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York
by the Amalgamated Clothing Workers of America, one of the
country’s oldest labor unions. Amalgamated Bank provides commercial
banking and trust services nationally and offers a full range of
products and services to both commercial and retail customers.
Amalgamated Bank is a proud member of the Global Alliance for
Banking on Values and is a certified B Corporation®. As of December
31, 2023, our total assets were $8.0 billion, total net loans were
$4.3 billion, and total deposits were $7.0 billion. Additionally,
as of December 31, 2023, our trust business held $41.7 billion in
assets under custody and $14.8 billion in assets under
management.
Investor Contact:Jamie LillisSolebury Strategic
Communicationsshareholderrelations@amalgamatedbank.com
800-895-4172
Source: Amalgamated Financial Corp.
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