Valley National Bancorp Announces Dividends for Shareholders
Valley National Bancorp's Dividend Announcement
Valley National Bancorp (NASDAQ: VLY) recently made headlines by declaring its regular dividends for preferred and common stock shareholders. This decision can serve as a significant indicator of the bank’s commitment to returning value to its investors.
Details of the Declared Dividends
The announced dividends are structured to benefit shareholders of record. For the first quarter, Valley will distribute:
- A cash dividend of $0.390625 per share for its Non-Cumulative Perpetual Preferred Stock Series A, payable on March 31.
- A cash dividend of $0.516197 per share for its Non-Cumulative Perpetual Preferred Stock Series B, also payable on March 31.
- A cash dividend of $0.515625 per share for its Non-Cumulative Perpetual Preferred Stock Series C, payable on the same date.
- A cash dividend of $0.11 per share for common stock, scheduled for payment on April 1.
Analysis of Recent Dividend Trends
Interestingly, the common stock dividend amount remains unchanged from the previous quarter's distribution. This consistency suggests a stable dividend policy, although it is advised that shareholders do not interpret this as a guarantee for future payouts.
Valley National Bancorp: A Snapshot
As a prominent player in the banking sector, Valley National Bancorp stands out with more than $62 billion in total assets. The bank plays a vital role in the local economy by offering a range of services catered to both individuals and businesses.
Community and Customer Focus
Valley’s approach emphasizes community engagement and support for local growth. Offering numerous branch locations along with a robust team of knowledgeable professionals, they strive to meet customer needs effectively.
Contacting Valley National Bancorp
For more information or inquiries regarding their services, customers can reach out to:
Travis Lan
Executive Vice President and Interim Chief Financial Officer
Phone: (973) 686-5007
Frequently Asked Questions
What dividends did Valley National Bancorp declare?
The bank declared dividends for its preferred stocks and a cash dividend for its common stock.
What is the amount of the dividend for common stock?
The cash dividend for common stock is $0.11 per share, payable on April 1.
When will the preferred stock dividends be paid?
The preferred stock dividends will be paid on March 31.
How often does Valley National Bancorp declare dividends?
Valley National Bancorp typically declares dividends quarterly for both its preferred and common stocks.
How can I contact Valley National Bancorp?
For general inquiries, you can contact Travis Lan at (973) 686-5007.
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