Valley National Bancorp (NASDAQ:VLYPO) Increases Dividend to $0.60 Per Share

Valley National Bancorp (NASDAQ:VLYPO) announced a quarterly dividend on Thursday, August 22nd, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.5989 per share on Monday, September 30th. This represents a $2.40 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.58.

Valley National Bancorp has increased its dividend payment by an average of 17.6% per year over the last three years.

Valley National Bancorp Price Performance

Valley National Bancorp stock traded down $0.08 during trading on Thursday, reaching $24.67. The company had a trading volume of 8,126 shares, compared to its average volume of 20,338. Valley National Bancorp has a 52 week low of $20.04 and a 52 week high of $25.05. The firm’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $23.69.

About Valley National Bancorp

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.