Amalgamated Financial Corp. (AMAL) To Go Ex-Dividend on November 5th

Amalgamated Financial Corp. (NASDAQ:AMAL) declared a quarterly dividend on Tuesday, October 21st. Investors of record on Wednesday, November 5th will be given a dividend of 0.14 per share on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, November 5th.

Amalgamated Financial has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amalgamated Financial to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.0%.

Amalgamated Financial Trading Down 0.1%

Shares of NASDAQ AMAL opened at $26.68 on Thursday. The stock has a market capitalization of $803.33 million, a P/E ratio of 7.99 and a beta of 0.86. The stock’s 50 day moving average price is $27.96 and its two-hundred day moving average price is $29.22. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.10. Amalgamated Financial has a 52-week low of $25.03 and a 52-week high of $38.19.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings data on Monday, December 19th. The company reported $0.46 EPS for the quarter. Amalgamated Financial had a net margin of 23.60% and a return on equity of 15.21%. The firm had revenue of $49.68 million during the quarter. On average, analysts anticipate that Amalgamated Financial will post 3.65 earnings per share for the current fiscal year.

About Amalgamated Financial

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.