Valley National Bancorp (NASDAQ:VLYPO) Raises Dividend to $0.58 Per Share

Valley National Bancorp (NASDAQ:VLYPO) announced a quarterly dividend on Tuesday, May 21st, NASDAQ reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.5777 per share on Friday, June 28th. This represents a $2.31 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.57.

Valley National Bancorp has raised its dividend by an average of 17.6% annually over the last three years.

Valley National Bancorp Price Performance

VLYPO stock traded up $0.01 during midday trading on Tuesday, reaching $24.34. The company had a trading volume of 1,600 shares, compared to its average volume of 23,244. The firm has a 50-day moving average price of $24.21 and a 200-day moving average price of $23.54. Valley National Bancorp has a 1 year low of $20.04 and a 1 year high of $25.05.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.