Malaga Financial Co. (OTCMKTS:MLGF) to Issue Quarterly Dividend of $0.25

Malaga Financial Co. (OTCMKTS:MLGF - Get Free Report) announced a quarterly dividend on Friday, March 14th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be paid a dividend of 0.25 per share on Tuesday, April 1st. This represents a $1.00 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Monday, March 24th.

Malaga Financial Price Performance

MLGF stock remained flat at $20.62 during trading on Tuesday. The company had a trading volume of 50 shares, compared to its average volume of 4,258. The firm has a market capitalization of $194.32 million, a price-to-earnings ratio of 8.60 and a beta of 0.49. Malaga Financial has a 52 week low of $20.31 and a 52 week high of $22.75. The stock has a 50-day moving average of $21.12 and a 200-day moving average of $22.19.

Malaga Financial (OTCMKTS:MLGF - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.56 earnings per share for the quarter.

About Malaga Financial

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits.