Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.17 per share on Thursday, November 19th. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, November 3rd.
Amalgamated Financial has raised its dividend 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. Research analysts expect Amalgamated Financial to earn $4.63 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 14.7%.
Amalgamated Financial Stock Performance
Amalgamated Financial stock traded down $0.32 during trading hours on Wednesday, reaching $47.65. 24,833 shares of the company were exchanged, compared to its average volume of 178,373. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $48.05 and a 200 day moving average of $45.50. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 12.69 and a beta of 0.81. Amalgamated Financial has a 12 month low of $26.03 and a 12 month high of $51.59.
Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $96.10 million for the quarter, compared to analyst estimates of $92.09 million. Amalgamated Financial had a net margin of 23.34% and a return on equity of 14.30%. As a group, research analysts anticipate that Amalgamated Financial will post 4.06 earnings per share for the current year.
About Amalgamated Financial
Amalgamated Financial Corporation (NASDAQ:AMAL) is the parent company of Amalgamated Bank, a commercial bank that provides banking, lending and financial services to businesses, nonprofit organizations, labor unions, political organizations and individual consumers. The bank is known for serving mission-driven and socially responsible organizations, as well as customers seeking conventional banking products.
Amalgamated Bank offers commercial and consumer deposits, commercial and real estate lending, treasury management, online and mobile banking, payment services, and investment management.
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