Malaga Financial Corporation Announces 67th Consecutive Quarterly Cash Dividend OTC Markets:MLGF

Malaga Financial Corporation Announces 67th Consecutive Quarterly Cash Dividend OTC Markets:MLGF

PALOS VERDES ESTATES, Calif., March 12, 2021 (GLOBE NEWSWIRE) — 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 March 25, 2021. The dividend will be paid out on or about April 1, 2021. Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.33% annualized yield based on our most recent closing price of $23.11. Solid earnings and our strong capital level position us to continue to reward our shareholders for their investment.”

Malaga Bank, a subsidiary of Malaga Financial Corporation, is a…

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