Valley National Bancorp (NASDAQ:VLYPP) Shares Down 0% – Time to Sell?

Valley National Bancorp (NASDAQ:VLYPP) shares dropped 0% during trading on Tuesday . The stock traded as low as $25.08 and last traded at $25.10. Approximately 16,004 shares traded hands during trading, an increase of 257% from the average daily volume of 4,489 shares. The stock had previously closed at $25.11.

Valley National Bancorp Trading Up 0.1%

The firm’s fifty day simple moving average is $25.14 and its 200 day simple moving average is $25.19.

Valley National Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.4991 per share. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 8.0%.

About Valley National Bancorp

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.