Valley National Bancorp (NASDAQ:VLYPO) Increases Dividend to $0.48 Per Share

Valley National Bancorp (NASDAQ:VLYPO) declared a quarterly dividend on Monday, May 18th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.4817 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, June 15th. This is a 2.4% increase from Valley National Bancorp’s previous quarterly dividend of $0.47.

Valley National Bancorp Stock Down 0.4%

Shares of NASDAQ VLYPO opened at $24.98 on Tuesday. The stock has a fifty day moving average price of $24.88 and a two-hundred day moving average price of $25.05. Valley National Bancorp has a 1 year low of $24.10 and a 1 year high of $25.74.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.