Amalgamated Financial Corp. (AMAL) to Distribute Quarterly Dividend of $0.17 on November 19th

Amalgamated Financial Corp. (NASDAQ:AMAL) announced a quarterly dividend on Tuesday, October 20th. Shareholders 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 3rd.

Amalgamated Financial has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Amalgamated Financial has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of AMAL opened at $47.82 on Thursday. The firm has a market cap of $1.43 billion, a PE ratio of 12.62 and a beta of 0.81. The stock’s fifty day moving average price is $47.99 and its two-hundred day moving average price is $45.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.64 and a quick ratio of 0.63. Amalgamated Financial has a 1 year low of $26.03 and a 1 year high of $51.59.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $99.17 million for the quarter, compared to analysts’ expectations of $99.26 million. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%. On average, equities research analysts forecast that Amalgamated Financial will post 4.06 EPS 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.