Valley National Bancorp (NASDAQ:VLYPP) Shares Up 0.2% – Time to Buy?

Valley National Bancorp (NASDAQ:VLYPP)’s share price traded up 0.2% during trading on Monday . The company traded as high as $25.25 and last traded at $25.05. 5,953 shares were traded during mid-day trading, an increase of 26% from the average session volume of 4,742 shares. The stock had previously closed at $25.00.

Valley National Bancorp Trading Down 0.2%

The business has a fifty day moving average price of $25.09 and a 200-day moving average price of $25.03.

Valley National Bancorp Increases Dividend

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

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.