Valley National Bancorp (NASDAQ:VLYPO) Trading Down 0.1% – What’s Next?

Shares of Valley National Bancorp (NASDAQ:VLYPO) dropped 0.1% during mid-day trading on Tuesday . The stock traded as low as $25.05 and last traded at $25.0610. Approximately 6,362 shares were traded during trading, a decline of 9% from the average daily volume of 7,014 shares. The stock had previously closed at $25.09.

Valley National Bancorp Trading Down 0.1%

The company’s fifty day moving average price is $24.96 and its 200-day moving average price is $25.05.

Valley National Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.4817 per share. The ex-dividend date is Monday, June 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.47. This represents a $1.93 annualized dividend and a dividend yield of 7.7%.

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.