Valley National Bancorp (NASDAQ:VLYPP) to Issue Dividend Increase – $0.50 Per Share

Valley National Bancorp (NASDAQ:VLYPP) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.5011 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.0%. 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 $0.50.

Valley National Bancorp Stock Performance

VLYPP stock opened at $25.00 on Wednesday. Valley National Bancorp has a 12-month low of $24.42 and a 12-month high of $26.11. The company’s fifty day simple moving average is $24.95 and its 200 day simple moving average is $25.09.

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.