Valley National Bancorp (NASDAQ:VLYPO) to Issue Quarterly Dividend of $0.46

Valley National Bancorp (NASDAQ:VLYPOGet Rating) declared a quarterly dividend on Tuesday, November 22nd, Wall Street Journal reports. Investors of record on Thursday, December 15th will be paid a dividend of 0.4583 per share on Friday, December 30th. This represents a $1.83 annualized dividend and a yield of 7.31%. The ex-dividend date is Wednesday, December 14th. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.34.

Valley National Bancorp Trading Down 0.6 %

Valley National Bancorp stock opened at $25.08 on Wednesday. The business’s 50-day simple moving average is $23.82 and its two-hundred day simple moving average is $23.49. Valley National Bancorp has a fifty-two week low of $21.05 and a fifty-two week high of $25.94.

About Valley National Bancorp

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Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans.

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