Valley National Bancorp Declares Quarterly Dividend of $0.49 (NASDAQ:VLYPP)

Valley National Bancorp (NASDAQ:VLYPP) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Friday, March 13th will be given a dividend of 0.4873 per share on Monday, March 30th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Friday, March 13th.

Valley National Bancorp Stock Performance

NASDAQ:VLYPP traded up $0.04 during mid-day trading on Wednesday, hitting $25.48. 1,884 shares of the company traded hands, compared to its average volume of 4,194. The stock’s fifty day moving average price is $25.29 and its 200-day moving average price is $25.37. Valley National Bancorp has a one year low of $21.71 and a one year high of $26.11.

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.