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Malaga Financial Corporation declares dividend.

Global Banking News-September 12, 2016--Malaga Financial Corporation declares dividend

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Global Banking News - 12 September 2016

Malaga Financial Corporation (NYSE: MFC) (OTC Pink: MLGF) has said that it has declared a cash dividend of USD0.225 per share on its common stock.

The dividend will be payable on or about October 3, 2016 to shareholders of record as on September 23, 2016. The dividend represents a 3.89 percent annualised yield based on the latest closing price of USD23.15.

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. Malaga Bank has been named in the top 25 healthiest banks in America for the third consecutive year.

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Publication:Global Banking News (GBN)
Date:Sep 12, 2016
Words:155
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