Valley National Bancorp (VLYPO) to Issue Quarterly Dividend of $0.58 on June 28th

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

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

Valley National Bancorp Stock Up 0.0 %

Shares of VLYPO stock traded up $0.01 during trading on Tuesday, reaching $24.34. 1,600 shares of the company’s stock were exchanged, compared to its average volume of 23,244. Valley National Bancorp has a twelve month low of $20.04 and a twelve month high of $25.05. The firm’s fifty day moving average price is $24.21 and its 200-day moving average price is $23.54.

About Valley National Bancorp

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.