Valley National Bancorp (NASDAQ:VLYPP) to Issue Dividend Increase – $0.39 Per Share

Valley National Bancorp (NASDAQ:VLYPP) declared a quarterly dividend on Thursday, August 22nd, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.3906 per share on Monday, September 30th. This represents a $1.56 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.39.

Valley National Bancorp Stock Performance

VLYPP stock traded down $0.08 during trading on Thursday, hitting $23.21. The company had a trading volume of 14,851 shares, compared to its average volume of 26,510. The business has a 50 day moving average of $22.36 and a 200 day moving average of $21.83. Valley National Bancorp has a fifty-two week low of $16.76 and a fifty-two week high of $23.92.

Valley National Bancorp Company Profile

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.