Amalgamated Financial Dividend Signals Stability for Purpose-Driven Bank

NEW YORK, NY – April 21, 2026 – Amalgamated Financial Corp. (Nasdaq: AMAL), a financial institution known for its dual commitment to shareholder returns and social responsibility, today announced a regular quarterly dividend of $0.17 per share. The dividend is payable on May 21, 2026, to stockholders of record as of May 5, 2026.

This move is more than a routine financial announcement; it serves as a strong signal of the bank's underlying financial health and operational stability. For a company that operates as both a public benefit corporation and a Certified B Corporation, the ability to consistently reward shareholders highlights the viability of its unique, values-driven business model in a competitive banking landscape. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated has long positioned itself as "America's socially responsible bank," and this latest dividend declaration reinforces its capacity to deliver on both financial and ethical fronts.

A Track Record of Growing Shareholder Value

The latest dividend is part of a well-established pattern of consistent and growing returns for AMAL stockholders. The company has a dependable history of distributing dividends, having made payments in nine of the last ten years since initiating them in 2018. This consistency provides a baseline of confidence for investors looking for reliable income-generating stocks.

More significantly, Amalgamated has not just maintained its dividend; it has actively grown it. The company has increased its payout four times in the last five years, culminating in a 13% total growth over that period. The most recent and notable increase occurred in January 2026, when the board approved a substantial 21% hike in the quarterly dividend, raising it from $0.14 to the current $0.17 per share. This aggressive increase, which shareholders first received in February 2026, underscores a deep-seated confidence from management in the company's earnings power and future financial trajectory.

With a three-year compound annual growth rate (CAGR) for its dividend standing at an impressive 19%, the bank is demonstrating a clear commitment to sharing its success with its investors. This history of growth separates Amalgamated from institutions that may offer a flat or less predictable dividend policy.

Underpinned by Robust Financial Health

A company's dividend is only as reliable as the financial foundation it rests upon. In Amalgamated's case, that foundation appears exceptionally solid. The bank's dividend payout ratio—the portion of earnings paid out as dividends—hovers between a conservative 14.9% and 17.3%. This low ratio is a crucial indicator of sustainability, suggesting that the dividend is not only well-covered by current profits but also leaves substantial capital for reinvestment and growth.

A look at the bank's balance sheet reveals further strength. As of the end of the third quarter of 2025, Amalgamated Financial reported total assets of $8.7 billion, backed by $7.8 billion in total deposits. Its trust business is also a significant contributor, with $37.9 billion in assets under custody. The most telling sign of its robust health came with the announcement of its fourth-quarter 2025 results, which featured a record deposit growth of nearly $1 billion. Such a significant inflow of capital speaks volumes about customer confidence and provides the bank with ample liquidity to fuel its lending and investment activities.

Market analysts have taken note of this performance, with earnings per share (EPS) figures ranging from $3.32 to $3.41. While the bank, like any financial institution, faces potential headwinds, such as credit quality management in its solar and commercial real estate portfolios and rising funding costs across the industry, its strong capital position and core earnings power are viewed as significant advantages.

Proving the B Corp Model: Profit with Purpose

Perhaps the most compelling aspect of Amalgamated's story is its ability to achieve this financial success while adhering to its mission as a public benefit corporation and a Certified B Corporation. These designations legally require the company to consider the impact of its decisions on all stakeholders—including employees, customers, the community, and the environment—not just shareholders.

For some skeptics, such a mandate might seem at odds with the fiduciary duty to maximize shareholder profit. However, Amalgamated's performance suggests that these goals are not mutually exclusive but can be mutually reinforcing. By attracting a loyal customer base that values its ethical stance, the bank has built a powerful engine for growth. As a member of the Global Alliance for Banking on Values, it is part of a global movement demonstrating that finance can be a force for good.

The regular and increasing dividend serves as tangible proof of this concept. It shows that a bank dedicated to funding progressive causes, supporting sustainable businesses, and empowering communities can also be a well-run, profitable, and reliable investment. The dividend is a benefit delivered to shareholders who have invested in a company that generates returns while striving to create a broader positive impact.

Market Confidence and A Resilient Stance

Investors have shown strong approval for Amalgamated's strategy of combining financial prudence with dividend growth. When the company announced its 21% dividend increase alongside its record deposit growth in early 2026, its stock (AMAL) jumped 6.9%. This market reaction indicates that investors value the signals of financial health and management confidence that such actions represent.

With a current dividend yield between 1.56% and 1.74%, Amalgamated may not attract investors seeking the highest yields in the market. Its yield is moderate compared to the top quartile of U.S. dividend payers. However, it comfortably exceeds the yield of the bottom quartile, placing it in a sweet spot for investors who prioritize stability and sustainable growth over high-risk, high-yield plays. This conservative but dependable return profile aligns perfectly with the bank's overall identity as a steady and responsible financial institution.

In the often-volatile regional banking sector, Amalgamated's performance positions it as a resilient player. Its ability to grow deposits organically at a record pace while consistently rewarding shareholders demonstrates a business model that is not only socially conscious but also financially sound and capable of navigating complex market dynamics.