Valley National Bancorp (VLY) To Go Ex-Dividend on September 15th

Valley National Bancorp (NASDAQ:VLY) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.11 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 15th.

Valley National Bancorp has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Valley National Bancorp to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 28.8%.

Valley National Bancorp Trading Down 0.4%

Valley National Bancorp stock opened at $13.80 on Friday. Valley National Bancorp has a 52 week low of $9.64 and a 52 week high of $15.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $7.63 billion, a PE ratio of 11.70 and a beta of 1.03. The business’s 50-day simple moving average is $14.40 and its 200-day simple moving average is $13.64.

Valley National Bancorp (NASDAQ:VLY) last announced its earnings results on Thursday, July 23rd. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The business had revenue of $560.74 million for the quarter, compared to the consensus estimate of $557.16 million. Valley National Bancorp had a net margin of 19.49% and a return on equity of 9.13%. Valley National Bancorp’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Equities research analysts forecast that Valley National Bancorp will post 1.28 earnings per share for the current year.

About Valley National Bancorp

Valley National Bancorp is the bank holding company for Valley National Bank, a full-service regional financial institution headquartered in Wayne, New Jersey. Founded in 1927, the company provides banking and financial services to consumers, businesses, commercial real estate clients and municipalities.

Valley National Bank offers deposit accounts, consumer and business lending, commercial and industrial loans, commercial real estate financing, residential mortgages, home equity products, and treasury management services.