Amalgamated Financial Corp. (AMAL) To Go Ex-Dividend on February 3rd

Amalgamated Financial Corp. (NASDAQ:AMAL) declared a quarterly dividend on Tuesday, January 20th. Stockholders of record on Tuesday, February 3rd will be paid a dividend of 0.17 per share on Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, February 3rd. This is a 21.4% increase from Amalgamated Financial’s previous quarterly dividend of $0.14.

Amalgamated Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Amalgamated Financial has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amalgamated Financial to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 17.0%.

Amalgamated Financial Stock Performance

NASDAQ:AMAL opened at $38.84 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 0.64. The company has a fifty day moving average of $33.20 and a two-hundred day moving average of $30.07. The stock has a market capitalization of $1.16 billion, a PE ratio of 11.39 and a beta of 0.82. Amalgamated Financial has a fifty-two week low of $25.03 and a fifty-two week high of $39.34.

Amalgamated Financial (NASDAQ:AMAL) last announced its earnings results on Thursday, January 22nd. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.08. Amalgamated Financial had a net margin of 23.05% and a return on equity of 14.80%. The business had revenue of $87.91 million for the quarter, compared to analyst estimates of $85.37 million. As a group, research analysts forecast that Amalgamated Financial will post 3.65 earnings per share for the current fiscal year.

About Amalgamated Financial

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.