Amalgamated Bank Dividends
The next dividend date for Amalgamated Bank has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Amalgamated Bank (AMAL)
More About Amalgamated Bank
Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services in the United States. The company accepts various deposit products, including non-interest-bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, time deposits, and certificates of deposit. It also provides residential real estate mortgage, commercial and industrial, commercial real estate, multifamily mortgage, consumer solar, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, safe deposit box rentals, debit card, and ATM card services; and trust, custody, and investment management services, including asset safekeeping, corporate actions, income collections, proxy services, account transition, asset transfers, and conversion management; investment products, such as index and actively-managed funds, which include equity, fixed-income, real estate, and alternative investments; and investment, brokerage, asset management, and insurance products. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.
Owning Amalgamated Bank Stock on the Dividend Date
If you own Amalgamated Bank stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Amalgamated Bank stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Amalgamated Bank stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Amalgamated Bank stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Amalgamated Bank dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Amalgamated Bank Dividends
You can contact us any time if you would like to ask questions about Amalgamated Bank dividends or anything else related to the stock market.