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

Amalgamated Financial Corp. (NASDAQ:AMAL) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.17 per share on Thursday, November 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, November 3rd.

Amalgamated Financial has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Amalgamated Financial has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amalgamated Financial to earn $4.67 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 14.6%.

Amalgamated Financial Stock Down 2.5%

Amalgamated Financial stock opened at $50.06 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of 12.30 and a beta of 0.81. Amalgamated Financial has a twelve month low of $26.61 and a twelve month high of $52.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.63 and a current ratio of 0.64. The firm’s 50 day moving average price is $48.10 and its two-hundred day moving average price is $43.81.

Amalgamated Financial (NASDAQ:AMAL) last issued its 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. Amalgamated Financial had a return on equity of 15.00% and a net margin of 24.57%. The firm had revenue of $99.17 million for the quarter, compared to the consensus estimate of $99.26 million. On average, research analysts predict that Amalgamated Financial will post 4.13 EPS for the current fiscal 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.