Amalgamated Financial Corp. (NASDAQ:AMAL) Announces Quarterly Dividend of $0.17

Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, August 4th will be paid a dividend of 0.17 per share on Thursday, August 20th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, August 4th.

Amalgamated Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised 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 $4.49 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 15.1%.

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Amalgamated Financial Trading Up 0.8%

Shares of Amalgamated Financial stock opened at $47.56 on Wednesday. The stock has a market capitalization of $1.42 billion, a PE ratio of 13.83 and a beta of 0.79. Amalgamated Financial has a 52 week low of $25.13 and a 52 week high of $48.59. The stock has a 50 day moving average price of $43.97 and a two-hundred day moving average price of $40.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.64 and a current ratio of 0.64.

Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%.The firm had revenue of $91.36 million for the quarter, compared to analyst estimates of $91.16 million. As a group, equities analysts anticipate that Amalgamated Financial will post 3.92 earnings per share for the current fiscal year.

About Amalgamated Financial

(Get Free Report)

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.

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