Valley National Bancorp (NASDAQ:VLYPP) to Issue Quarterly Dividend of $0.39

Valley National Bancorp (NASDAQ:VLYPP) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.3906 per share on Monday, March 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Friday, March 14th.

Valley National Bancorp Stock Performance

Shares of NASDAQ VLYPP traded up $0.09 during mid-day trading on Thursday, reaching $25.23. The company had a trading volume of 954 shares, compared to its average volume of 22,317. The company has a 50-day moving average price of $25.11 and a two-hundred day moving average price of $24.66. Valley National Bancorp has a 1-year low of $19.30 and a 1-year high of $25.68.

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.