Malaga Financial Corporation Announces Special Year-End 2024 Stock Dividend in Addition to First Quarter 2025 Cash Dividend
MALAGA FINANCIAL CORP (MLGF)
NASDAQ:AMEX Investor Relations:
malagabank.com/press-release
Company Research
Source: GlobeNewswire
PALOS VERDES ESTATES, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Malaga Financial Corporation (OTCPink:MLGF). Malaga Financial Corporation announced today that its Board of Directors had declared a special 5% stock dividend on the company’s common stock outstanding, payable on or about December 31, 2024, to shareholders of record at the close of business on December 20, 2024. The dividend will be issued in the form of additional shares of common stock. Cash will be issued in lieu of fractional shares. Additionally, a quarterly cash dividend of 25 cents was declared payable to shareholders of record at the close of business on December 20, 2024, to be paid on or about January 2, 2025. Randy C. Bowers, President and CEO, remarked, “We are pleased to declare a special year-end stock dividend in addition to our 82nd consecutive quarterly dividend. This will result in total cash dividends paid in 2024 of $1.00 per share for a 4.39% annual yield based on a closing share price of $22.76 on
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