Valley National Bancorp (NASDAQ:VLYPO) Announces Dividend Increase – $0.60 Per Share

Valley National Bancorp (NASDAQ:VLYPO) announced a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Investors of record on Friday, September 13th will be given a dividend of 0.5989 per share on Monday, September 30th. This represents a $2.40 annualized dividend and a yield of 9.48%. The ex-dividend date is Friday, September 13th. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.58.

Valley National Bancorp has increased its dividend by an average of 17.6% per year over the last three years.

Valley National Bancorp Price Performance

VLYPO stock opened at $25.28 on Wednesday. Valley National Bancorp has a 52-week low of $20.04 and a 52-week high of $26.01. The company’s 50-day simple moving average is $24.38 and its 200-day simple moving average is $23.96.

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.