Malaga Financial Corporation Announces 57th Consecutive Quarterly Cash Dividend
PALOS VERDES ESTATES, Calif.--(BUSINESS WIRE)--Sep 14, 2018--Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on September 24, 2018. The dividend will be paid out on or about October 1, 2018. Randy C. Bowers, President and CEO, remarked, “Our continued strong operating results enable us to declare another quarterly dividend which represents a 3.34% annualized yield based on our most recent closing price of $29.90. We are pleased to once again reward our shareholders for their support.”
Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. For over ten years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc.Malaga Bank was awarded their premier Top 5-Star rating for the 43rdconsecutive quarter as of June 2018. Since 1985 Malaga has been delivering competitive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.
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CONTACT: Malaga Financial Corporation
President and Chief Executive Officer
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Malaga Financial Corporation
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PUB: 09/14/2018 01:59 PM/DISC: 09/14/2018 01:59 PM