Amalgamated Bank (NASDAQ:AMAL) will begin trading ex-dividend on November 18, 2020. The quarterly dividend payment of $ 0.08 per share is scheduled to be paid on December 3, 2020. The dividend yield based on the latest trading day closing price was 2.56 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 18, 2020.
Dividends History
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Amalgamated Bank recently reported third quarter financial results on October 28, 2020, before market open, the New York based company communicated income for the third quarter of $ 0.54 per share, from the revenue of $ 58.01 million. The quarterly earnings extended 31.71 percent while revenues grew 17.38 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.41 per share from $ 53.74 million in revenue. The bottom line results beat street analysts by $ 0.13 or 31.71 percent, at the same time, top line results outshined analysts by $ 4.27 million or 7.95 percent.
Stock Performance
On Friday, shares of Amalgamated Bank has traded high as $ 12.73 and has cracked $ 12.49 on the downward trend, reaching $ 12.50 with volume of 48.00 thousand shares.
According to the previous trading day, closing price of $ 12.50, representing a 58.48 % increase from the 52 week low of $ 7.90 and a 37.4 % decrease over the 52 week high of $ 20.00.
The company has a market capital of $ 388.12 million and is part of the Financial Services sector and Banks – Regional – US industry.
Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, non-interest and interest-bearing demand accounts, savings and money market accounts, NOW accounts, and certificates of deposit. It also provides residential mortgage and commercial real estate loans, commercial and industrial loans, multifamily mortgages, 1-4 family real estate loans, construction and land loans, leveraged loans for commercial loans, consumer/small business and purchased student loans, and home equity lines of credit; and debit and ATM card services.
