Malaga Financial Corporation announced that its Board of Directors had declared a special 5% stock dividend on the company's common stock outstanding, payable on or about December 27, 2019 to shareholders of record at the close of business on December 13, 2019.  The dividend will be issued in the form of additional shares of common stock. Cash will be issued in lieu of fractional shares. Additionally, a quarterly cash dividend of 25 cents was declared payable to shareholders of record at the close of business on December 13, 2019 to be paid on or about January 3, 2020.