Valley National Bancorp (NASDAQ:VLYPO) Shares Up 0% – Here’s What Happened

Valley National Bancorp (NASDAQ:VLYPO)’s share price traded up 0% on Wednesday . The company traded as high as $24.94 and last traded at $24.86. Approximately 3,953 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 7,262 shares. The stock had previously closed at $24.85.

Valley National Bancorp Trading Up 0.1%

The stock has a fifty day moving average of $24.85 and a two-hundred day moving average of $24.93.

Valley National Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.4838 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.8%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.48.

About Valley National Bancorp

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.