Malaga Financial Corporation Announces 40th Consecutive Quarterly Cash Dividend
13 Junho 2014 - 4:21PM
Business Wire
Malaga Financial Corporation (OTCBB:MLGF) Malaga
Financial Corporation announced today the declaration of a cash
dividend in the amount of 17.5 cents per share to shareholders of
record on June 27, 2014. The dividend will be paid out on or about
July 7, 2014. Randy C. Bowers, President and CEO, remarked,
“Earnings and operations continue to be strong and stable and our
capital levels remain high. We are pleased to reward our
shareholders with a 17.5 cent quarterly dividend, which represents
a 3.50% annualized yield based on our closing price yesterday of
$20.00. We look forward to continuing to serve and support the
South Bay community.”
Malaga Bank, a subsidiary of MFC, is a full-service community
bank headquartered on the Palos Verdes Peninsula with six offices
located in the South Bay area of Los Angeles. It was recently
ranked in the top 3 in the United States among the 100 largest
publicly traded thrifts by SNL Financial. The rankings were
based on a variety of financial metrics for the year ending
12/31/2013. This will be the 5th consecutive year
that Malaga Bank has been ranked among the top 3 performing
institutions. 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.
Malaga Financial CorporationRandy Bowers, 310-375-9000President
and Chief Executive Officerrbowers@malagabank.com
Malaga Financial (PK) (USOTC:MLGF)
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