Valley National Bancorp (NASDAQ:VLYPP) Declares Dividend Increase – $0.52 Per Share

Valley National Bancorp (NASDAQ:VLYPP) declared a quarterly dividend on Tuesday, October 20th. Investors of record on Tuesday, December 15th will be given a dividend of $0.5173 per share on Wednesday, December 30th. This represents a $2.07 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, December 15th. This is a 3.2% increase from Valley National Bancorp’s previous quarterly dividend of $0.5011.

Valley National Bancorp Price Performance

Shares of NASDAQ:VLYPP traded down $0.10 during midday trading on Wednesday, hitting $24.89. The stock had a trading volume of 10,082 shares, compared to its average volume of 4,722. Valley National Bancorp has a 12 month low of $24.42 and a 12 month high of $25.62. The business’s 50-day simple moving average is $25.07 and its 200-day simple moving average is $25.04.

Valley National Bancorp Company Profile

Valley National Bancorp is the holding company for Valley National Bank, a regional financial institution headquartered in Wayne, New Jersey. Through its banking subsidiary, the company provides a range of personal and business financial services, including checking and savings accounts, commercial and residential lending, mortgages, credit cards, treasury management, and cash-management services.

Valley serves individuals, small and midsize businesses, commercial real estate clients, and larger corporate customers.