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

Valley National Bancorp (NASDAQ:VLYPP)’s stock price was down 0% on Wednesday . The stock traded as low as $25.06 and last traded at $25.06. Approximately 6,925 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 4,569 shares. The stock had previously closed at $25.07.

Valley National Bancorp Stock Performance

The firm’s 50 day moving average is $24.91 and its 200-day moving average is $25.06.

Valley National Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.5011 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.00 annualized dividend and a dividend yield of 8.0%. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.50.

Valley National Bancorp Company Profile

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.