Valley National Bancorp (NASDAQ:VLYPO) to Issue Dividend Increase – $0.48 Per Share

Valley National Bancorp (NASDAQ:VLYPO) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.4838 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 0.4% increase from Valley National Bancorp’s previous quarterly dividend of $0.48.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp stock opened at $24.90 on Wednesday. Valley National Bancorp has a 12 month low of $24.10 and a 12 month high of $25.74. The stock’s fifty day simple moving average is $24.91 and its 200 day simple moving average is $24.97.

Valley National Bancorp Company Profile

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.