Malaga Financial Corporation Announces 41st Consecutive Quarterly Cash Dividend
September 12 2014 - 4:13PM
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 September 26, 2014. The dividend will be paid out on or
about October 6, 2014. Randy C. Bowers, President and CEO, remarked
“We are pleased to announce this 17.5 cent dividend, which
represents a 3.50% annualized yield based on our closing price of
$20.00. This will be our 41st consecutive quarterly dividend. We
are also gratified to have recently been rated as the #1 Healthiest
Bank in American by DepositAccounts.com, the largest and most
comprehensive online publication in the U.S. dedicated to
banking/savings (deposits) information for consumers.”
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 BowersPresident and Chief
Executive Officer(310) 375-9000rbowers@malagabank.com
Malaga Financial (PK) (USOTC:MLGF)
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