Malaga Financial Corporation (OTCMKTS:MLGF) Stock In Focus After Announcing Quarterly Cash Dividend

May 31, 2022May 31, 2022 Madison Hall $Malaga Financial Corporation (OTCMKTS:MLGF), $MLGF, $MLGF news, $MLGF stock, $OTCMKTS:MLGF

In the past month, the Malaga Financial Corporation (OTCMKTS:MLGF) has seen its stock suffer from a steady selloff and decline by as much as 8% during the period. In this situation, it may be a good time for investors to consider taking a closer look at the latest developments with regard to Malaga Financial and then figure out if a rebound may be on the horizon for the stock.

Market Stats

On Friday, MLGF stock ended flat at $23.59 with 205 shares, compared to its average volume of 1.7K shares. The stock moved within a range of $23.10 – 23.59 after opening trading at $23.10.

Malaga Financial Corporation Announces 72nd Consecutive Quarterly Cash Dividend

Last week on May 27 the company had actually been in the news when it made an announcement with regards to a cash dividend to its shareholders.

Malaga Financial announced that it was going to pay a cash dividend to the tune of 25 cents a share to all shareholders of record as of June 17, 2022.

The cash is going to be paid out on July 1, 2022, or thereabouts as per the announcement. It should be noted that the possibility of a cash dividend can often come as a significant incentive to investors and hence, it will now be interesting to see if the stock can actually manage to make a recovery in the lead up to June 17. It may be a good time to keep an eye on it.

Traders Corner

MLGF stock is trading below the 20-Day and 50-Day Moving averages of $24.30 and $25 respectively. Moreover, the stock is trading below the 200-Day moving average of $24.41.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.