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

Valley National Bancorp (NASDAQ:VLYPP) declared a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.4991 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, June 15th. This is a 2.4% increase from Valley National Bancorp’s previous quarterly dividend of $0.49.

Valley National Bancorp Price Performance

Shares of VLYPP opened at $25.21 on Tuesday. Valley National Bancorp has a one year low of $24.35 and a one year high of $26.11. The stock’s fifty day moving average is $25.04 and its 200-day moving average is $25.22.

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.