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NEW YORK - Amalgamated Financial Corp. (NASDAQ:AMAL) announced Tuesday that its Board of Directors has declared a regular quarterly dividend of $0.14 per share to common stockholders.
The dividend will be paid on August 21, 2025, to stockholders of record as of August 5, 2025, according to a press release statement from the company.
Amalgamated Financial is a Delaware public benefit corporation and bank holding company that operates through its wholly owned subsidiary, Amalgamated Bank. The bank maintains five branches across New York City, Washington D.C., and San Francisco, with an additional commercial office in Boston.
Founded in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, the institution provides commercial banking and trust services nationally to both commercial and retail customers.
As of March 31, 2025, Amalgamated reported total assets of $8.3 billion, total net loans of $4.6 billion, and total deposits of $7.4 billion. The company’s trust business held $35.7 billion in assets under custody and $14.2 billion in assets under management.
The company noted that the amount and timing of any future dividend payments will remain subject to the discretion of its Board of Directors.
In other recent news, Amalgamated Financial Corp. reported its first-quarter 2025 earnings, exceeding earnings per share (EPS) expectations with a reported figure of $0.88, surpassing the forecast of $0.79. However, the company’s revenue for the quarter fell short of projections, recording $76.98 million compared to the anticipated $78.05 million. Additionally, Amalgamated Financial announced the appointment of Steven SaLoutos and Tony Wells to its Board of Directors, where they will also serve on the board of Amalgamated Bank. SaLoutos brings extensive experience, having served as Chief Financial Officer of ProSight Financial Association and previously holding an executive position at U.S. Bank, N.A.
The company also disclosed the results of its recent Annual Meeting of Stockholders. Key decisions included the election of 11 directors to serve until the 2026 Annual Meeting, an advisory vote on executive compensation, and the ratification of the company’s independent auditor for the current fiscal year. The meeting saw significant participation, with approximately 91.22% of outstanding shares represented. These developments reflect ongoing changes and updates within Amalgamated Financial Corp.
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