Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.5162 per share on Monday, March 31st. This represents a $2.06 annualized dividend and a yield of 8.15%. The ex-dividend date is Friday, March 14th.
Valley National Bancorp has raised its dividend payment by an average of 18.4% annually over the last three years.
Valley National Bancorp Price Performance
Shares of VLYPO stock opened at $25.35 on Wednesday. Valley National Bancorp has a 12-month low of $21.80 and a 12-month high of $26.01. The stock’s 50-day moving average price is $25.19 and its 200-day moving average price is $25.17.
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.
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