Valley National Bancorp (NASDAQ:VLYPO) Raises Dividend to $0.50 Per Share

Valley National Bancorp (NASDAQ:VLYPO) announced a quarterly dividend on Tuesday, October 20th. Investors of record on Tuesday, December 15th will be given a dividend of $0.5001 per share on Wednesday, December 30th. This represents a $2.00 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Tuesday, December 15th. This is a 3.4% increase from Valley National Bancorp’s previous quarterly dividend of $0.4838.

Valley National Bancorp Trading Down 0.6%

VLYPO traded down $0.13 during trading on Wednesday, hitting $24.19. The company’s stock had a trading volume of 9,292 shares, compared to its average volume of 6,992. The firm’s 50 day moving average price is $24.82 and its two-hundred day moving average price is $24.87. Valley National Bancorp has a 12 month low of $23.96 and a 12 month high of $25.64.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, and the parent company of Valley National Bank. Founded in 1927, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Through its banking operations, Valley offers deposit accounts, residential and commercial mortgages, consumer and business lending, credit cards, treasury management, online and mobile banking, and other cash-management services.